Is the last 3 line explanation correct? For me it seems wrong, comment on it.
Balaji K
CA Final
★ 7K+
25-Sep-22 12:12
328
Answers (1)
It is correct.
If earthquake is occured after 31st march, then it means there is no evidence as on balance sheet date. And it is not effecting going concern as well. It is clear case on non-adj event. So it is just required to disclosure.
