concept & rational of sec. 145
This query is : Resolved
01 September 2008
Hi all,
Pls. explain the concept of SEc.145 for including excise & taxes in P & L account and how it will not effect our profits with detailed example and if it is included in p&L than it will not shown in b/s as payables
Thanks & Regards
Pls. explain the concept of SEc.145 for including excise & taxes in P & L account and how it will not effect our profits with detailed example and if it is included in p&L than it will not shown in b/s as payables
Thanks & Regards
01 September 2008
Yes. This is well explained in CA institute guidance note.
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