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Exceptional item

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Querist : Anonymous

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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 ?

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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