balance sheet
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2010
why losses are treated as assets in the balancesheet of the company?
12 August 2010
Lossess are treated as assests in balance sheet of company because in future we will claim tax advantage by adjusting it agaisnt profit arising in coming years.
i.e it is as asset which benefit will be arises in coming years
i.e it is as asset which benefit will be arises in coming years
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