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
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..