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Querist : Anonymous (Querist)
12 August 2010 why losses are treated as assets in the balancesheet of the company?
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
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

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