loss on sale
Querist : Anonymous
a manufacturing company is making so many investments in equity shares. It has earned profit as well as loss. Whether the loss amounts should be separately given in the auditors report
please...
The net of loss / profit will appear in PL account
Querist : Anonymous
whether the loss figures should be separately shown as required under the act, in the auditors report.
please....
If the dealing in shares in not so frequent then the profit or loss (net) may be shown as a seperate line item in Misc Income or Other Expenses.
Querist : Anonymous
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