a company recognises check dated 31st March or before received from customer after balance sheet date but the approval is before but before the approval of financial statement checks in hand is shown in the balance sheet as an item of cash and cash equivalents all check-in and are presented to bank in the month of April and all are also realised in the same month in the normal course of deposits in the state with the region whether the collection of cheque is its bearing a 31st March
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. as per medicine non adjusting event and it should should be recorded in the year when it is received just because the cheque does not impact any major major or material on a financial statement
CAclubindia
