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Manju H S

Manju H S

CA Inter

5K+

02-Sep-20 21:01

28

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

Answers (6)

Suraj Lakhotia

Suraj Lakhotia

Admin

03-Sep-20 15:58

Where?

Manju H S

Manju H S

CA Inter

5K+

03-Sep-20 21:46

In P&L Statement

Suraj Lakhotia

Suraj Lakhotia

Admin

04-Sep-20 10:40

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

Manju H S

Manju H S

CA Inter

5K+

04-Sep-20 13:42

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

Manju H S

Manju H S

CA Inter

5K+

04-Sep-20 13:58

Ok. Thank you Sir