Query about transaction and event
This query is : Resolved
27 June 2013
on 31st december 2007 the last day of accounting year of x ltd. purchase stock worth rs.500000 this is what??
1)transection
2)event
3)transection as well as event
sir,give answer with explanation plz....
1)transection
2)event
3)transection as well as event
sir,give answer with explanation plz....
30 June 2013
This is transaction because occurred within the financial period. event means the transaction which is occurred after the finalisation of accounts (the post balance sheet even may be adjustable or nonadjustable). for further details please see the International Accounting Standard 10 - Post Balance Sheet Events.
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