On 24th February 2016 the courts decided that Syarikat Hidayah Berhad should pay a negligence claim...

Transcribed Image Text:

On 24th February 2016 the courts decided that Syarikat Hidayah Berhad should pay a negligence claim of RM200,000. The claim arose on 30th November 2015 when an employee fell while repairing the roof a building because Syarikat Hidayah Berhad failed to provide adequate safety harnesses. For each of the above situations, identify and explain clearly the appropriate accounting treatments for the above situations in accordance with MFRS 110 Events after the Reporting Period. On 24th February 2016 the courts decided that Syarikat Hidayah Berhad should pay a negligence claim of RM200,000. The claim arose on 30th November 2015 when an employee fell while repairing the roof a building because Syarikat Hidayah Berhad failed to provide adequate safety harnesses. For each of the above situations, identify and explain clearly the appropriate accounting treatments for the above situations in accordance with MFRS 110 Events after the Reporting Period.