What is the below line item and above line item and where
this terminology is used?
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Above the Line items :Those appearing in the P&L A/c - Eg.
Sales & Expenses.
Below the Line items :Those forming part of P&L
Appropriation A/c - Eg. Taxes, Transfer to Reserve, etc.
Here the term 'Line' is used to represent the end of the
Profit & Loss A/c.
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / lxmi1972
Below Line Items are the items which below the Profit and
Loss Account.
Above Line items are the items which are above the Profit
an Loss Appropriation Account?
Is This Answer Correct ? | 5 Yes | 2 No |
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