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متابعة

What are extraordinary items?

 

1.reported above the line. 2.unusual and infrequent. 3.unusual or infrequent. 4.reported on the balance sheet.

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تم إضافة السؤال من قبل mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia
تاريخ النشر: 2015/09/17
SREEDEVI SUNILKUMAR
من قبل SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline

2.  unusual and infrequent.

مستخدم محذوف‎
من قبل مستخدم محذوف‎

yeah i also pick option2>>>>>>>>>>>>>>>>>>>>>..

Khaled Abdelrehim ACCA DipIFR CMA
من قبل Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

the correct answer is the second answer2.unusual and infrequent.

Lesley Lanag CMA CPA
من قبل Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

2 and3. They are unusual and infrequent.

Khaled Mohee Eldeen Abbas Mahmoud
من قبل Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

the answer is #2.unusual and infrequent

مستخدم محذوف‎
من قبل مستخدم محذوف‎

the extraordinary items are part (2) these are the fianacial statements included in companies.

IMRAN ALI MOHAMMED
من قبل IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

Any event or transaction which is abnormal, not related to normal company activities is referred to as 'Extraordinary Item'. So, the answer is No.2

 

By the way as far as I Know the use of Extraordinary items has been eliminated.

Rabab Abu Watfa
من قبل Rabab Abu Watfa , head of budget , qatar charity

Extraordinary items must be both unusual in nature and infrequent in occurrence in the environment in which the entity operates. such as loss from volcanic eruption and earthquake.

it's wrong to consider the( write-down of receivables and inventory, disposal of a segment, or sale of productive assets ) as extraordinary  

حسين محمد ياسين
من قبل حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

agree with answer ......................

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