Exceptional and extraordinary items in schedule vi (revised)

Vaibhav Sukhatme, posted on 12/10/2012 18:33:05

Can anybody please tell me the difference between exceptional and extraordinary items as given in statement of profit and loss as per schedule 6 (Revised).. 


According to US GAAP extraordinary item is any activity or event is: 
1>infrequent in nature 
2>unpredictable/unusual and 
3>so material in amount that it cannot be reported in aggregate with other amounts...

Then what is exceptional item? plz tell me with a few examples.. thank you.. 

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