In Liablity side of balance sheet say
reserve funds rs.10000
general reserve rs.20000
Equity share cap. rs.30000
Profit and loss rs.10000
Should we take Profit and loss a/c value while calculating shareholders funds?
In Liablity side of balance sheet say
reserve funds rs.10000
general reserve rs.20000
Equity share cap. rs.30000
Profit and loss rs.10000
Should we take Profit and loss a/c value while calculating shareholders funds?
No While calculating ShareHolders Funds Profit & Loss will not be considered, Because it not part of this.
Yes profit and loss account will be considered while calculating shareholdars funds
SHAREHOLDAR FUNDS=Equity share capital+Reserve and surplus(Net of miscelaneous expenditure)+Preference Share Capital and for this purpose Reserve means all reserves whether general or specified.
yes, p&l should be added
Yes .We should consider P&L a/c while computing shareholders fund.
Profit and loss will definitely comes under shareholder's Fund.. Go to the basics.. Who is a shareholder? Isn't he the owner of the company? Yes na.. then how come Profit can not be a part of the Shareholder's Fund..
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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