Treatment of Extra ordinery items
This query is : Resolved
29 November 2008
Hi,
What is a treatment of extra ordinary items and where it will be shown in p&l A/c
What is a treatment of extra ordinary items and where it will be shown in p&l A/c
29 November 2008
Extra ordinary items should be disclosed in income statement in a manner that its impact on current profit or loss can be perceived. Accordingly it can be shown above the line as a separate item.
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