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Advanced accounting - doubt in AS 4

Accountancy

Could someone explain why cheques received after balance sheet date become non adjusting event here?

Vijayalakshmi Sekar

CA Inter

★ 5K+

06-Sep-22 19:46

423

Answers (2)

You need to check condition existing on balance sheet date. Since cheques were not in hands of the company, they are not adjusting events.

CA Suraj Lakhotia

Admin

06-Sep-22 19:47

CA Suraj Lakhotia Admin

You need to check condition existing on balance sheet date. Since cheques were not in hands of the company, they are not adjusting events.

Thank you sir!

Thread Starter

Vijayalakshmi Sekar

CA Inter

★ 5K+

06-Sep-22 19:49