adjusting events and non adjusting events? - simple meaning

Pjdav
Pjdav Registered Posts: 27
in General discussion - Professional level
Hi, Can someone please tell me the difference between the two?,

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  • Bertie
    Bertie West Midlands Registered Posts: 376
    In basic terms; an adjusting event will require the accounts to be adjusted after the year end date, if an event is relevant (dependant upon X date and Y event)

    A non-adjusting event is as it implies, non-adjusting of- a note is used to various cases.

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