statement of profit and loss

The book profit as computed in accordance with Explanation 1 to sub-section (2) shall be further– (a) increased by all amounts credited to other comprehensive income in the statement of profit and loss under the head “Items that will not be re-classified to profit or loss”; (b) decreased by all amounts debited to other comprehensive income in the statement of profit and loss under the head “Items that will not be re-classified to profit or loss”;


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