related 2 as 4
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2010
i hav read as4 3 times bt m not getng how wil clasify adjestable event nd non-adjestable event. Plz cler me out
10 September 2010
Adjustable events are those events (which occur after balance sheet date and before the date when the balance sheet gets approved)which materially effects the conditions that exist at the Balance Sheet date.e.g. If a customer gets insolvent in the period mentioned above which may affect trade receivable then provision for bad debt becomes necessary as on Balance Sheet date and such event qualifies as the event occurring after BS date.
Message likes :
1 times
11 September 2010
Agree with Sukanya....
Continuing the above the non adjustable events are those are not adjusted in the book. For Ex if fire took place on 2nd April and destroyed the major Stock than bcz the condition does not exist on 31st March so no adjustment will make in books of Accounts and only Disclosure will be made.
Continuing the above the non adjustable events are those are not adjusted in the book. For Ex if fire took place on 2nd April and destroyed the major Stock than bcz the condition does not exist on 31st March so no adjustment will make in books of Accounts and only Disclosure will be made.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
Trending Online Classes
CAclubindia
