Answer: Air Fry Ltd will not have to adjust their financial statements as this event occurred after
the reporting date, however, a disclosure of the nature of the event is required
, Answer: A write down of inventory with an amount of R100 000
Answer: The basis of accounting needs to be changed and as such the financial statements need to
be prepared as though they will not continue as a going concern
the reporting date, however, a disclosure of the nature of the event is required
, Answer: A write down of inventory with an amount of R100 000
Answer: The basis of accounting needs to be changed and as such the financial statements need to
be prepared as though they will not continue as a going concern
