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adjusting p&l against share capital

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57 Points Posted on 04 January 2019
why we cant adjust p&l bal(debit) against share capital if p&l fund belongs to shareholders
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On 04 January 2019 at 11:11 Report
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Passed cpt
99 Points Posted on 04 January 2019
not all amount of p&l is for shareholders ! CRR is created out of p&l
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On 04 January 2019 at 12:52
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145 Points Posted on 06 January 2019
profit and loss account is included in reserves and surplus if it is of credit balance not to share capital as per schedule 3 in ca inter .so,debit balance will also not adjusted to share capital it just deduct from reserves and suplus
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On 06 January 2019 at 21:20
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Qualified chartered Accountant
21 Points Posted on 22 January 2019
Because in a order to carry forward to future years
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On 22 January 2019 at 13:08


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