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AS 5 Prior Period Items

Sir while disclosing prior period items you told we can disclose after PAT as net off of taxes but where will we show the tax effect


Manju H S

Manju H S

CA Inter

9K+

02-Sep-20 21:01

54

Answers (6)

Where?


Suraj Lakhotia

Suraj Lakhotia

Admin

03-Sep-20 15:58

In P&L Statement


Thread Starter

Manju H S

Manju H S

CA Inter

9K+

03-Sep-20 21:46

It is disclosed separately (including tax impact). It is not after PAT.


Suraj Lakhotia

Suraj Lakhotia

Admin

04-Sep-20 10:40

Raghu Sir told while teaching AS5 that we can disclose it before PBT or after PBT (net off tax)


Thread Starter

Manju H S

Manju H S

CA Inter

9K+

04-Sep-20 13:42

Ok. Thank you Sir


Thread Starter

Manju H S

Manju H S

CA Inter

9K+

04-Sep-20 13:58

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