25 August 2012
The term Below the line is used to characterize items in an account that are excluded from the account total, such as appropriations and extraordinary items that have no effect on the profit or loss in the current accounting period.
our auditor asked me to keep the ledger head Adv income tax / self ass. tax as below the line i have posted the said ledger under current asset in schedules
to keep the ledger below the line what should i do ?
CAclubindia
