Exceptional item
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2012
Sale of fixed assets is a exceptional item?
If yes, how it will be shown in p&l by drafting a notes or only profit or loss element ?
If yes, how it will be shown in p&l by drafting a notes or only profit or loss element ?
15 September 2012
Yes, prima facie this is exceptional item. You can ADD line items in the profit and loss account as per your requirement.
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