Menu
Ipcc contract account
i have a question on contract accounting,if notional lose is incurred then how shall i treat?
Replies (3)
Transfer it to Statement of Profit and Loss Account.
please referred by an example..
As said by Rohit,
The total amount of Notional loss has to be transferred to Profit and loss A/C.
with regards,
Bharath M
factshunt.com
Recent Threads
- CLARITY REGARDING ESIC WAGE CALCULATION AFTER NEW
- GST Rule 14A for Export of Service with Hypothetic
- GST ON QUERY
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
Related Threads
CAclubindia
