helpme which this Which are the minimum t of the aftertax pr

help.me which this

Which are the minimum t of the after-tax profits and e, pre-tax gain or loss on g. the amounts of profit IV. hat is the meaning of OC12 (2p

Solution

OCI is the abbreviation for Other Comprehensive Income. According to the Schedule II of the companies act, 2013 every company is required to give the disclosure in the Statement of Profit and Loss for each year, the detail of other comprehensive income it has earned in the relevant financial year. It is also the prime requirement of certain IND AS to show such. For example the increase in value of the fixed asset is taken through the OCI.