Mat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 September 2011
While calculating Book profit of the company,items which has not been credited and debited to profit and loss account would be considered added/deducted in book profit calculation?
Pl reply
Pl reply
18 September 2011
If anything is not debited or credited in the P & L a/c then how the same can be added or deducted.
The book profit is calculated by taking the net profit as per P & L a/c and then it is increased or reduced by the entries passed in the P & L A/c.
The book profit is calculated by taking the net profit as per P & L a/c and then it is increased or reduced by the entries passed in the P & L A/c.
19 September 2011
The only item considered for calculating MAT which is not credited/debited to P&L Account is the amount of loss brought forward or unabsorbed depreciation, whichever is less as per books of account
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