Financial Reporting

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?

Kamal Kant Mittal (Expert)
16 November 2019

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.

CA Kamal Kant

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

GST Live Class
Online GST Class    |    x