Shubham Bansal
(Student CA)
(62 Points)
Replied 08 October 2015
AS-5 deals with two types of changes:
kannan
(jobless)
(263 Points)
Replied 08 October 2015
CA-AK
(CA)
(600 Points)
Replied 08 October 2015
There are certain transactions which are not extraordinary but still shown separetaly in Statement of Profit and loss.Some of them are-
* Littigation settlement
*Written down value of Investment to NRV or reversal
*Reversal of provision etc.
Along with shown separately, effect of transaction in profit or loss of the period and further period, if affected should be disclosed in notes to accounts.
I hope your query is sorted, if not please clarify where I went wrong in getting your point.
kannan
(jobless)
(263 Points)
Replied 09 October 2015
kannan
(jobless)
(263 Points)
Replied 09 October 2015
Khushbu
(Student)
(203 Points)
Replied 09 October 2015
Live class on PF & ESI Enrollment & Returns Filing(with recording)