alleryStart learning →Where can a major later event with no amount change be reported?
AApproving authority report
BCash flow statement
CProfit and loss account
DFixed asset schedule
Answer & Solution
Correct answer: A. Approving authority report
Such events may be of enough significance to be reported by the approving authority so users can decide properly.
Keep practising AS 4 Contingencies and Events Occurring After the Balance Sheet Date
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