Easy Office
Easy Office

Loss in 1st balance sheet of company

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 November 2011 DEAR FRIENDS/SIRS

A COMPANY OCCURS LOSS IN THE 1ST YEAR BALANCE SHEET IN WHICH IT IS INCORPORATED.

IS THERE ANY LAW THAT PROHIBITION TO NOT TO SHOW LOSS I.E.ALWAYS THERE SHOULD MUST BE PROFIT IN THE 1ST YEAR BALANCE SHEET OF THE COMPANY.

THANKS .
Profile Image

CA RICHA BADALIA

Profile Image

CA RICHA BADALIA (Expert)
26 November 2011 No,Sir there is no such law in India.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 November 2011 THANKS......
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links