alleryStart learning →Can income or expense be shown as extraordinary under Ind AS 1?
AYes, if it is rare
BYes, if above Rs 1 crore
CYes, in disclosures only
DNo, it is prohibited
Answer & Solution
Correct answer: D. No, it is prohibited
Ind AS 1 bars presenting any item as extraordinary, whether in the profit statement or elsewhere.
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