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This query is : Resolved
CA Pramod Jain
(Querist)
11 June 2014
A company is in trading of IRON & steel products and also during the year company is having incurred loss on commodity derivatives.
My query is where to show this loss on commodity derivatives trade in profit & loss statement, whether under other expenses or exceptional items.
My query is where to show this loss on commodity derivatives trade in profit & loss statement, whether under other expenses or exceptional items.
11 June 2014
this loss should be shown in other exp only but a suitable note must be given.
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