https://www.taxtmi.com/acts?id=40994 This Standard governs recognition, measurement and disclosure of contingencies and events after the balance sheet date. Contingent losses are provided for when it is probable a liability existed or an asset was impaired at the balance sheet date and a reasonable estimate can be made; otherwise the nature and estimated financial effect or inability to estimate must be disclosed. Events after the balance sheet date that provide additional evidence of conditions at the balance sheet date require adjustment to assets or liabilities; other post-balance-sheet events require disclosure. Dividends declared after the balance sheet date are disclosed, not recognised, unless statute requires. en-us Sat, 05 Nov 2022 11:22:12 +0530 Tue, 06 Jan 2026 14:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40994 This Standard governs recognition, measurement and disclosure of contingencies and events after the balance sheet date. Contingent losses are provided for when it is probable a liability existed or an asset was impaired at the balance sheet date and a reasonable estimate can be made; otherwise the nature and estimated financial effect or inability to estimate must be disclosed. Events after the balance sheet date that provide additional evidence of conditions at the balance sheet date require adjustment to assets or liabilities; other post-balance-sheet events require disclosure. Dividends declared after the balance sheet date are disclosed, not recognised, unless statute requires. Act-Rules Companies Law Sat, 05 Nov 2022 11:22:12 +0530 https://www.taxtmi.com/acts?id=40994