What is the below line item and above line item and where
this terminology is used?
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Answer Posted / 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.
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