Extra ordinary item (net of tax effect)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 February 2012
Experts,
What is meant by Extra Ordinary Item (Net of Tax Expense)
Please make me understand.
What is meant by Extra Ordinary Item (Net of Tax Expense)
Please make me understand.
07 February 2012
Extra Ordinary Items are income or expenses aroused not due to ordinary business transactions of an entity. According to AS 5 Extra Ordinary items should be shown at seperate place in the Balance Sheet to shwon its total effect.
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