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AS 4

Accountancy

Subsequent event - Insolvency of a debtor Will it be an adjusting event even if there was no doubtfulness existing on the Balance sheet date?

Sibi Srinivasan

CA Inter

★ 22K+

30-Nov-22 10:56

168

Answers (4)

No.

CA Suraj Lakhotia

Admin

30-Nov-22 10:57

Ok sir. That means insolvency to the extent of provision for doubtful debts on BS date only is the adjusting event. Right sir?

Thread Starter

Sibi Srinivasan

CA Inter

★ 22K+

30-Nov-22 11:00

Sir if i want to take the exam in November 2023, when i need to join articleship to complete 9 months of articleship so that i can get exam in November. If i join in feb is it possible

Dileep CR

CA Inter

★ 9K+

30-Nov-22 11:07

Dileep CR

Sir if i want to take the exam in November 2023, when i need to join articleship to complete 9 months of articleship so that i can get exam in November. If i join in feb is it possible

Assuming this is for direct entry students, by Nov 1, you should have completed 9 months