Extraordinary Items

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

Hi
I am using IN-CoA,  indian chart of account, but i modified according to my client requirements of account.
My question is these accounts are under Expenditure Drawer.
One you was asking about 7th or 8th those are levels. I am not concern about levels.
As per Indian chart of accounts, we have 5 Drawers.
1) Asset
2) Liabilty
3) Equity
4) Revenue
5) Expenditure
Why extraordinary Items like Extra ordinary Gain from Fixed Asset Retirement,Other Extraordinary Income(P.E.Closing) are in 5) Expenditure Drawer
Is this has specific purpose
Prasad

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