Is it true that under the Indian GAAP income statment is called P & L Account and under the IFRS it is called P or L account?
If yes, why it is so?
Thanks,
Anil.
Menu
Query - P & L Account Vs P or L Account
Replies (3)
Anil where u read all this can i know
under IFRS its called statement of comprehensive income
She is correct.. but still there is difference for that try to read the standard
Recent Topic
- LTCG on unlisted foreign shares acquired in inheri
- SBI Funds Management IPO Allotment on July 17: Lis
- PF Final settlement shown in Salary Form 16 FY 26-
- ITR3 online utility: Part B TTI is populating fiel
- Sale of rural agriculture land
- How to show Capital Gain on gifted property
- TIS Glitch Alert : inflated summary
- IT returns of partners
- Challan status in Payment Failed but amount deduct
- Sec 54 exemption
Related Topics
CAclubindia
