Partnership
Ashwin kumar (-) (36 Points)
14 February 2014
Why undistributed loss is placed at asset side?
1 Replies
SUMIT KUMAR JANGID
(CA FINAL STUDENT)
(136 Points)
Replied 14 February 2014
In partnership Undistributed Loss will be shown as Assets in the Head Misscell. Expenditure because this loss will be write off in future years, thats why it is shown as assets.
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