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Set off of accumalated loss and accumaleted balance sheet

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 September 2011
Please resolve my quary

If there is a accumulated loss and accumulated Profit in a Balance Sheet is running, Can it be set off with each other?


If yes what is the treatment of it?
If no what will be its treatment?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
19 September 2011 Both cannot coexist together and hence they have to set off against each other.
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 September 2011
Thank You sir
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