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Financial statements

Sir..why do we take for continuous business profit before tax for discontinued business profit after tax for profit for the period in financial statements...


Subha N

Subha N

CA Inter

4K+

01-Oct-20 19:32

34

Answers (5)

In which context?


Suraj Lakhotia

Suraj Lakhotia

Admin

01-Oct-20 21:22

Suraj Lakhotia Admin

In which context?

In Annexure sir.. Schedule III to the companies Act,2013 We have part ll statement of profit and loss format..


Thread Starter

Subha N

Subha N

CA Inter

4K+

01-Oct-20 21:31

In both cases taxes are adjusted.


Suraj Lakhotia

Suraj Lakhotia

Admin

02-Oct-20 16:09

Suraj Lakhotia Admin

In both cases taxes are adjusted.

Could you please explain further.. How the tax adjusted for profit from continuing operations?(we consider profit before Tax only)


Thread Starter

Subha N

Subha N

CA Inter

4K+

02-Oct-20 19:26

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