Debit balance of p/l in new format of b/s
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2012
Hi,
I want to know if there is debit balncde in the Profit /Loss account ,where should it be reflected in the revised Format of balance sheet.
thanks & regards,
Binita Behl.
I want to know if there is debit balncde in the Profit /Loss account ,where should it be reflected in the revised Format of balance sheet.
thanks & regards,
Binita Behl.
05 July 2012
shown as negative figure under 'surplus' under 'shareholders funds' - Liablity. The resultant final figure of reserves and surplus to be shown under liability even if negative.
05 July 2012
I Agree with Ravikant Sir
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2012
ok
But if no other elements exist in the Balance sheet then the neagtive figure is taken to the Final reseves and scurlpus
And as far i am concerned ,i think Balance Sheet should not have Negative Figure .
But if no other elements exist in the Balance sheet then the neagtive figure is taken to the Final reseves and scurlpus
And as far i am concerned ,i think Balance Sheet should not have Negative Figure .
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