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Accounts

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(Querist)
25 August 2012 what is "below the line" in Accounts

please let me know
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VIKAS GOYAL

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VIKAS GOYAL (Expert)
25 August 2012 The term Below the line is used to characterize items in an account that are excluded from the account total, such as appropriations and extraordinary items that have no effect on the profit or loss in the current accounting period.
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SANYAM ARORA

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SANYAM ARORA (Expert)
25 August 2012 Agreed with the reply
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Sankar Chakraborty

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Sankar Chakraborty (Querist)
27 August 2012 dear experts,

our auditor asked me to keep the ledger head Adv income tax / self ass. tax as below the line
i have posted the said ledger under current asset in schedules

to keep the ledger below the line what should i do ?
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