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Accounting Standard-4-Events Occuring After The Balance Sheet

Published in: Accountancy
  • Mahesh S

    • Chennai
    • 6 Years of Experience
    • Qualification: B.Com
    • Teaches: School level computer, Mathematics, Hindi, Compute...
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The file attached will help to the students to have knowledge on those items which occured after the Balance sheet date. How to adjust this items in the Balance sheet based upon there occurence and also on the basic conditions satisfied by those items for being adjusted in B/S.

  • 1
    AS 4 Events Occuring after the B/S Date Adjusting Events Significant Events Fav./Unfav. Events arise b/w (31/3-Accounts app.) Conditions for such events should prevail on B/S Date Adjusting Events Para 3.2 Non-Adiusting Events Fresh events Events arises b/w (31/3-Accounts app.) But no condition previal on the B/S Date Non-Adjusting Event. Do not record in the last year but it can be dis if material.
  • 2
    Proposed Dividend Old Cos.Act=Record. New Cos.Act=Only Disclose AS-4=Record. Exceptions Going Con Adj.Event
  • 3
    Irrespective whenver the event arises recognise it in the last year. ern ability is in doubt.


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