Explain what is Exceptional Items In The Income Statement And Give Examples Of Some Of The Exceptional Items
Some times, we can see certain exceptional items being included in the Income statement of an entity. So what is this exceptional items?
Exceptional items are expenses and or income:-
The accounting standard requires such items to be classified under exceptional items and be disclosed. Examples of such exceptional items are:
|
Related Posts
- Details Of Ninth Schedule Companies Act 1965(Act No 125)
- Technical Summary Of IAS 21 The Effects of Changes in Foreign Exchange Rates
- Malaysia Financial Reporting Standard (FRS) 111:Construction Contracts
- Technical Summary Of IAS 32 Financial Instruments: Presentation
- Revision Notes: Financial Statements
Comments are closed now.