Set off of accumalated loss and accumaleted balance sheet


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Querist : Anonymous

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Querist : Anonymous (Querist)
19 September 2011
Please resolve my quary

If there is a accumulated loss and accumulated Profit in a Balance Sheet is running, Can it be set off with each other?


If yes what is the treatment of it?
If no what will be its treatment?

19 September 2011 Both cannot coexist together and hence they have to set off against each other.

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 September 2011
Thank You sir


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