In auditing; what are the two types of subsequent events ( post-balance sheet review)?

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Question ajoutée par Fathi Matbaq , Senior Purchasing Officer , Alghanim Industries
Date de publication: 2016/02/17

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par Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

* Adjusting events giving- conditions existing at the balance sheet date

* Non adjusting events- providing conditions not existing at the balance sheet date

Which of the following statements regarding the balance sheet is INCORRECT?
Top Answer: Assets are reported in the left-hand side of the balance sheet and liabilities & stockholder equity i ... Voir Plus

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What are the effects of creating provision for doubtful debts on the balance sheet ?
Top Answer: <p>I agree with Mr Khalid Noor, because the booking of the provision will be:</p> <p>&l ... Voir Plus

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How are the income statement and balance sheet linked?
Top Answer: I think the answer is D. Net income from the income statement transfers to the balance sheet equity secti ... Voir Plus

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Does balance sheet shows current period profit & loss ?
Top Answer: yes it is included in the retained earning Voir Plus

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