Question

Q16 A company has lost vital Machinery in an accident on 2nd
May 2010 which will have adverse effect on its production capacity
As a result it is likely to lose business to its
competitors. The company has not disclosed this fact in
the annual report for the year ended 31st March 2011.
Do you think it is correct?​

Answer 1

Answer:

Its not correct because they need to show the loss occurs in the business