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      Question

      While preparing financial statements under Schedule III

      of the Companies Act, 2013, which of the following items must mandatorily be disclosed under "Other Comprehensive Income" and not in P&L?
      A Amortization of intangible assets Correct Answer Incorrect Answer
      B Gain on disposal of PPE Correct Answer Incorrect Answer
      C Remeasurement of defined benefit plans Correct Answer Incorrect Answer
      D Dividend received from subsidiary Correct Answer Incorrect Answer
      E Share issue expenses Correct Answer Incorrect Answer

      Solution

      AS/Ind AS require actuarial gains/losses on defined benefit plans to be shown under OCI, not P&L.

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