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AS-5 profit or loss for the period

Accountancy

Normally, we prepare profit and loss account in the financial statement then why should we go to ordinary items and extraordinary items separate it. Why should make disclosure for it? Video Details ------------- P1 - Accounting Standards - CA Inter AS 5 #1. Introduction and Profit or Loss for the Period


bharathipriya

bharathipriya

CA Inter

3K+

19-Dec-24 17:24

132

Answers (2)

So that investors know what is the entity ordinarily expected to earn.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

19-Dec-24 17:25

ok sir


Thread Starter

bharathipriya

bharathipriya

CA Inter

3K+

19-Dec-24 19:00

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