sir
a private limited company has 12 Lacs in its reserves & surplus.
in next year, the Net profit (after tax) is Rs 8 Lacs. it is T/f to Res & Surplus Account, now total is 20 Lacs in it.
similary, next year, it will increase again (in case of profit).
Then, how & when can this balance of Reserve & Surplus be used ?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
