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PLEASE HELP

Statutory Audit 692 views 4 replies

What does Cash loss means in auditors report?

Replies (4)

Networth gets eroded.Not an eloborate and good way of replying but waiting for other experts to comment on the same so that i can also understand

Cash Loss=Net Loss  as per P&L  Less Non cash items like Depreciation and Exchange loss

If a Company incurs cash Loss for 3 consequtive years and if Networth is in a position which is likely to erode we cannot draw Financial statements on Going Concern Basis

May I request some experts to draw an imaginary balance sheet and explain this so that i can also know more about this please


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