23 December 2023
sir, Changes in inventories Closing stock minus opening stock and Loss occured in profit and loss account to shown negative figure in reserve and surplus and may another figure may be in negative like Creditors and Debtors.
23 December 2023
Negetive figure show it opposite side in case of balance sheet. Show negative figure under creditors as debtors and negative figures under debtors under creditors. Show negative figure under Reserves and surplus under asset side.
24 December 2023
@ Daya,
If the PandL amount (loss) account under "Reserve and Surplus" then it can be transfer/account in capital head. (I assumed you ask Pvt Ltd)
CAclubindia
