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two days after the year end closure of account. The loss is estimated at Rs. 20 crores out of which Rs. 12 crores will be recoverable from the insurers. Explain briefly how the loss should be treated in the final accounts for the previous year. ANSWER The loss due to break out of fire is an example of event occurring after the balanceAccounting Questions & Answers | Chegg.com
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101 Questions And Answers For Managing An Accounting Practice Solutions For The Most Difficult Problems Practitioners Face Every Day
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