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Accountancy

Is it a adjusting event or non adjusting event ? Reason ?

Sri ram Pothineni

CA Inter

★ 11K+

29-Jul-25 18:50

228

Answers (3)

1. Adjusting Events These are events that provide further evidence of conditions that ALREADY EXISTED on the balance sheet date. This is the general rule

MPR Sanjay Kumar

CA Inter

★ 525

30-Jul-25 07:50

You will recognise the sale in the year when agreement was concluded.

CA Suraj Lakhotia

Admin

01-Aug-25 16:55

CA Suraj Lakhotia Admin

You will recognise the sale in the year when agreement was concluded.

Reason - substantial part of transaction is completed. Only formality of registration is pending. Substance over form.

CA Suraj Lakhotia

Admin

01-Aug-25 16:58

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