- This topic has 2 replies, 2 voices, and was last updated 7 years ago by
.
- Posts
- Topics: 1
- Replies: 0
- ☆
Hi I’ve been given a few sample questions for adjusting and non adjusting events. If a company goes into liquidation / is bankruptcy, but the liquidator says the assets are enough to meet the debt obligations, would this be a adjusting event or non adjusting event?
im so confusedWhere going concern is an issue (and the company is no longer a going concern) that’s always treated as an adjusting event
OK?
John replied to your original post in the open forum at 6.55
I replied to this post in F7 Ask ACCA Tutor at 7.14
And yet, at 8.11 you’re asking again in the open forum!
Surely either John or I must have given you a satisfactory answer
Now, tell me this … how can someone be bankrupt when that person has sufficient assets to pay their debts in full?
“Following preliminary investigation the liquidator announced that the debtor’s assets are sufficient to repay all debts and payment will be made within 60 days” is a quote from your other post
- The topic ‘Adjusting and non adjusting events’ is closed to new replies.