Revised schedule vi

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Raghav (Querist)
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24 September 2012 Dear Sir,

In case of pvt.Ltd which have loss from business operation where the loss in balance sheet will be put as there is no reserve of the company.

Kindly suggest me the same.

Amol S Joglekar

Amol S Joglekar (Expert)
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24 September 2012 put it under reserves with negative sign.

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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24 September 2012 Debit balance in the Statement of Profit and Loss which would arise in case of accumulated losses, is to be shown as a negative figure under the head ‘Surplus’. The aggregate amount of the balance of ‘Reserves and Surplus’, is to be shown after adjusting negative balance of surplus, if any. If the net result is negative, the negative figure is to be shown under the head ‘Reserves & Surplus’.

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