Negative balance sheet
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2011
cumulative loss is greater then loan+ capital so sources of fund is negative.net current assets is negative and which is more then fixed assets so application of fund is also negative.
CAN WE SHOW THE NEGATIVE FIGURE IN SOURCES OF FUND AND APPLICATION OF FUND IN THE AUDITED BALANCE SHEET.
CAN WE SHOW THE NEGATIVE FIGURE IN SOURCES OF FUND AND APPLICATION OF FUND IN THE AUDITED BALANCE SHEET.
CA Sumat Singhal
(Expert)
29 September 2011
Yes, very well You can show it even revised Schedule VI specifically contains note regarding this.
Kindly let me know whether this solution has solved your query.
Regards,
CS Sumat Singhal
Kindly let me know whether this solution has solved your query.
Regards,
CS Sumat Singhal
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