Basic query in accounting
This query is : Resolved
18 November 2013
Whether below statement is correct? Please guide
1)Revenue Loss can be setoff only against Revenue Reserve
2)Capital Loss can be setoff only against Capital Reserve.
I will be very much thankful to you.
Whether below statement is correct? Please guide
1)Revenue Loss can be setoff only against Revenue Reserve
2)Capital Loss can be setoff only against Capital Reserve.
I will be very much thankful to you.
19 November 2013
yes it is correct.
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