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adjusting p&l against share capital
why we cant adjust p&l bal(debit) against share capital if p&l fund belongs to shareholders
Replies (3)
not all amount of p&l is for shareholders ! CRR is created out of p&l
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
Because in a order to carry forward to future years
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