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(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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 June 2014 this loss should be shown in other exp only but a suitable note must be given.

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