Loss to company is Fictitious assets?
This query is : Resolved
Abhinav Negi
(Querist)
05 February 2023
How loss to a company can be shown in asset side of balance sheet?
What is the logic behind showing showing fictious assets?
What is the logic behind showing showing fictious assets?
CA R SEETHARAMAN
(Expert)
05 February 2023
Show it it as Profit and loss account in asset side for loss carried forward to be adjusted in future.
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