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Accountancy

In the below question,say whether it is adjusting event or non adjusting event if such event happened after balance sheet date but before board approval.

Screenshot_2023-08-26-07-18-40-96_e2d5b3f32b79de1d45acd1fad96fbb0f.jpg

Krishnan K

CA Inter

★ 5K+

26-Aug-23 07:20

289

Answers (2)

Non adjusting. Because it was not a condition known on the balance sheet date.

CA Suraj Lakhotia

Admin

26-Aug-23 13:07

CA Suraj Lakhotia Admin

Non adjusting. Because it was not a condition known on the balance sheet date.

Thank you sir

Thread Starter

Krishnan K

CA Inter

★ 5K+

26-Aug-23 13:16

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