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(Querist)
06 December 2010 what is the logic behind substracting balance of fictitious assets or miscellaneous or dr bal. of p&l while calculating net owned fund?
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
06 December 2010 simple they are the accumulated loss which to be written off in subsequent years so it should be deducted form profit to compute real net worth
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