misappropriation of cash

TRISHNA (CHARTERED ACCOUNTANT) (40 Points)

24 February 2011  

thr was a misppropriation of cash in case of a particular client after the BS date ...this can be disclosed as an "event occuring after the balance sheet date"  in the notes of accounts  since the exact amount is not yet ascertained...what will be its treatment in Computation of Income..