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Financial Reporting

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(Querist)
25 October 2019 Can Dimunition in value of investments be shown as a extra ordinary item in P/L for a company engaging in the manufacturing business?
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Kamal Kant Mittal

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Kamal Kant Mittal (Expert)
16 November 2019 Hi,

If the company is working under accounting standards, then it should be shown as extra-ordinary item.
If the company is working under Ind-AS regime, then it does not require to be disclosed separately as extra-ordinary item.

Regards
CA Kamal Kant

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