New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is an example of an adjusting

    event as per AS 4? 
    A A change in government tax policies, affecting future transactions Correct Answer Incorrect Answer
    B A company issuing shares after the balance sheet date Correct Answer Incorrect Answer
    C A debtor declared insolvent after the balance sheet date, indicating a loss existing at the balance sheet date Correct Answer Incorrect Answer
    D A fire destroying the company’s warehouse after the balance sheet date Correct Answer Incorrect Answer

    Solution

    The correct answer is C

    Practice Next