Negative reserves and surpluses

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2013
is it possible to have a negative amount in the balance sheet of a company correspondence to Reserves and surplus?

Asha Kanta Sharma (Expert)
Follow

26 January 2021 Yes..if these is a loss...Reserve and Surplus Account will be a negative figure.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess