shedule VI

This query is : Resolved

CA Gaurav Rastogi (Querist)
Follow

27 July 2007 Whether Debit balance in Profit and Loss account is reqiured to be set off against General reserves or it can be seprately shown in Assets side under miscellaous Exp.
As its effect in computing Net Worth would be different .

CA.P. ARUMUGARAJ, ACA

CA.P. ARUMUGARAJ, ACA (Expert)
Follow

27 July 2007 If general reserve get exhausted i.e., the debit balance in profi and loss a/c exceeds the Group reserves and surplus then the unadjusted balance should be placed under miscellaneous expenses group in the asset side

CA Mani

CA Mani (Expert)
Follow

02 August 2007 Raj sir,

Can you explain it clearly?

CA Nikita

CA Nikita (Expert)
Follow

05 August 2007 hi!!!

Though the calculation for net worth will but yet the dr. bal. in P/L a/c should appear in Assets side under miscellaous Exp...

CA Mani

CA Mani (Expert)
Follow

06 August 2007 Yes, Nikita is right.

Debit balance in P&L - To be disclosed in Assets side under Misc. Exp's.

CA. GOPAL SONIKA

CA. GOPAL SONIKA (Expert)
Follow

04 March 2008 To be shown seperately

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rajasekar

RAVINDRA KUMAR

ashvini tripathi

CA.Pinank Arvindbhai Shah

Shantaveeresh Manur

Subscribe Now

shedule VI

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA