Question

How should details of items of exceptional and extraordinary nature be disclosed?

a.

Only as a total amount without any further classification.

b.

Separately for prior period items, raw materials, goods purchased, gross income from services, and work-in-progress under broad heads.

c.

Only for prior period items.

d.

Separately for raw materials, goods purchased, and work-in-progress under broad heads.

Answer: (b).Separately for prior period items, raw materials, goods purchased, gross income from services, and work-in-progress under broad heads. Explanation:Details of items of exceptional and extraordinary nature should be disclosed separately for prior period items, raw materials, goods purchased, gross income from services, and work-in-progress under broad heads.

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Q. How should details of items of exceptional and extraordinary nature be disclosed?

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