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What is the below line item and above line item and where
this terminology is used?
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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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