This policy setting specifies the maximum size of the log file in kilobytes. If you enable this policy setting, you can configure the maximum log file size to be between 1 megabyte (1024 kilobytes) and 2 terabytes (2147483647 kilobytes) in kilobyte increments. If you disable or do not configure this policy setting, the maximum size of the log file will be set to the locally configured value. This value can be changed by the local administrator using the Log Properties dialog and it defaults to 20 megabytes.
Administrative Templates/
Windows Components/
Local Computer Policy -> Computer Configuration -> Administrative Templates -> Windows Components -> Event Log Service -> Application
After changing group policy options, you need to update group policy. If you do not update group policy then settings will not effect. To update it just simply type below command and also sample image is shown.
gpupdate /force
In about command we used "/force" option, this will help up to update policy options forcefully.
