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AS 5 Prior Period Items

Accountancy

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

345

Answers (6)

Where?


CA Suraj Lakhotia

CA 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.


CA Suraj Lakhotia

CA 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

Offer