Revised schedule vi
This query is : Resolved
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.
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.
24 September 2012
put it under reserves with negative sign.
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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