AS 7

Full loss will be provided. Current year loss already provided and for balance you need to make a provision.

CA Suraj Lakhotia

Admin

30-Oct-21 17:40

As it is not come under current year

Miradevi S

CA Final

★ 14K+

30-Oct-21 16:58

But if there is a loss, it should be fully recognised na?

Thread Starter

Christeena Ambel

CA Inter

★ 5K+

30-Oct-21 17:05

.

Thread Starter

Christeena Ambel

CA Inter

★ 5K+

30-Oct-21 17:07

Degree of completion is 80 % in current year so loss should be recognized in current year upto 80%

Miradevi S

CA Final

★ 14K+

30-Oct-21 17:19

Please refer the image attached

Thread Starter

Christeena Ambel

CA Inter

★ 5K+

30-Oct-21 17:19

Can I know, which app are u using to use pdf and highlight that sentence?

Sathiya Bama

CA Final

★ 23K+

30-Oct-21 17:29

Xodo

Thread Starter

Christeena Ambel

CA Inter

★ 5K+

30-Oct-21 17:35

Really thankyou so much

Sathiya Bama

CA Final

★ 23K+

30-Oct-21 17:43

My pleasure :)... Its a very good app.. I am using this since last 2 years.. It will take time to get familiarised with the app.. Because it has too many features

Thread Starter

Christeena Ambel

CA Inter

★ 5K+

30-Oct-21 17:55

Thank u so much sir

Thread Starter

Christeena Ambel

CA Inter

★ 5K+

30-Oct-21 17:58