Debit balance of reserves and surplus


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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2013 I AM PREPARING ACCOUNTS OF A COMPANY AND I THAT CARRIED FORWARD LOSS IS RS. 1756173 AND CURRENT LOSS IS 485634 SO MY QUESTION IS WHERE SHOULD I SHOW THIS AMOUNT IN BALANCE SHEET. IF I SHOW IT IN RESERVES AND SURPLUS THEN I HAVE TO SHOW IT AS NEGATIVE A5 (5426781), BUT IF I WANT TO SHOW IT IN ASSETS WHERE SHOULD I SHOW THIS AMOUNT.

Kumar (Expert)
30 July 2013 Reserves and Surplus as negative as per Revised Schedule VI


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