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Former Member
Mar 25, 2009 at 06:26 AM

Extraordinary Items

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Hi all

Expenditure Drawer

level2 -520000 - Extoordinary Items

level3 -521000 - Extraordinary Income

level4 -521100 - Extra ordinary Gain from Fixed Asset Retirement

level4 -521110 - Other Extraordinary Income(P.E.Closing)

My question is why GL code 521000 Extraordinary Income account is in Expenditure Drawer ? this is income this should be in Revenue Drawer. My client is asking about this.

Please give me some explanation about this and what is this purpase

Prasad