Under Ind AS 1, presentation of any items of income or expense as extraordinary item is:

CS Executive · Corporate and Management Accounting · PYQS · December 2020
Under Ind AS 1, presentation of any items of income or expense as extraordinary item is:
(A) Separately disclosed
(B) Shown as a part of statement of profit and loss
(C) Prohibited
(D) None of the above

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Financial Accounting

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic