Doubt on Reserves & Surplus
This query is : Resolved
18 November 2021
Sir / Mam
The balance sheet of a Pvt Ltd Co, shows the reserves and surplus balance of Rs.7,75,000/- at the end of year?
It means the equal amount should be in bank at the end of year?
Or
If not, It is shown as mere record to adjust the loss in future?
Kindly please advise us
thanks in adv
The balance sheet of a Pvt Ltd Co, shows the reserves and surplus balance of Rs.7,75,000/- at the end of year?
It means the equal amount should be in bank at the end of year?
Or
If not, It is shown as mere record to adjust the loss in future?
Kindly please advise us
thanks in adv
18 November 2021
Reserves and surplus are the total amount of maintained earnings reported as a component of Shareholders Equity and set aside by the company for specific objectives such as purchasing fixed assets, paying legal settlements, repaying debts, or paying dividends, and some others.
The same amount need not be lying in bank.
The same amount need not be lying in bank.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Relief u/s Section 89
- TDS Challan Code
- Lease agreement and tax on sale
- CCFS 2026 Schemed
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
