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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

5

Answers (5)

In which context?


Suraj Lakhotia

Suraj Lakhotia

Admin

01-Oct-20 21:22

In which context?

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


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

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)


Subha N

Subha N

CA Inter

4K+

02-Oct-20 19:26