Search
.Management Sciences
A. All the significant events after the Balance Sheet date
B. The events after Balance Sheet date but before submitting it to the Registrar of Companies
C. The events after Balance Sheet date but before its approval by the board
D. All changes after Balance Sheet date before its approval
Events occurring after the Balance Sheet date are those significant events, both favorable and unfavorable, that occur between the Balance Sheet date and the date on which the financial statements are approved by the Board of Directors in the case of a company, and by the corresponding approving authority in the case of any other entity.
Related Mcqs:
- Credit note is the basis for recording a transaction in which of the following SPECIALIZED journals?
- A. Purchase journal B. Sales return journal C. General journal D. Cash receipt journal...
- Fresh capital introduction will increase____________?
- A. Assets and liabilities B. Assets and equity C. Liabilities and equity and bank balance D. Capital and liabilities...
- Which of the following is true regarding closing entries?
- A. They must be followed by reversing entries B. They transfer the balances in all of the Nominal Accounts to the Trading and Profit and Loss Account C. They must be made after the reversing entries but before the adjusting entries D. They must be made after the adjusting entries but before the reversing entries...
- Which of the following enhances the earning capacity of an asset?
- A. Increase in working capacity of an asset B. Reduction in operating costs C. Replacing damaged parts of an asset D. Both A. and C. above...
- Which of these documents is not required for Bank Reconciliation?
- A. Bank column of Cash Book B. Bank Pass Book C. Bank Statement D. Trial Balance...
Recent Comments