Revised schedule vi
This query is : Resolved
27 November 2012
sir/ madam,
can u please tell me the difference between exceptional and extraordinary items which appear in the revised schedule 6 of companies act 1956. kindly give
me some examples also.
can u please tell me the difference between exceptional and extraordinary items which appear in the revised schedule 6 of companies act 1956. kindly give
me some examples also.
27 November 2012
Exceptional item relates to significant amount and non recurring in nature.
Example:Profit on disposal of plant & Machinery.
Extraordinary item is unusual in nature, significant amount and infrequent in nature.
Example:Loss due to earthquake in the manufacturing plant.
Example:Profit on disposal of plant & Machinery.
Extraordinary item is unusual in nature, significant amount and infrequent in nature.
Example:Loss due to earthquake in the manufacturing plant.
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