Loss to company is Fictitious assets?

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Abhinav Negi (Querist)
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05 February 2023 How loss to a company can be shown in asset side of balance sheet?
What is the logic behind showing showing fictious assets?

CA R SEETHARAMAN (Expert)
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05 February 2023 Show it it as Profit and loss account in asset side for loss carried forward to be adjusted in future.

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