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1519.Treatment of Abnormal Loss in Analysis of Profit - - CA Final Financial Reporting

Since abnormal loss occurs on a particular date, and closing profits are reflected after reducing abnormal loss, we increase closing profit by abnormal loss to arrive at normal profit which the business would have earned, if such loss was not incurred. These profits are then allocated for time adjustement. After that, we reduce abnormal loss from Pre or Post acquisition profts, as the case may be.
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