net profit

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07 January 2010 one person ask for me,why netprofit also showing current liabilties,please give me reply

07 January 2010 I am not getting you question, Net profit how it is coming current liabilities, as per Schdule VI it is coming under Reserves & Surplus

08 January 2010 thanks for your reply


08 January 2010 when you prepare profit & loss a/c if your company doing profit then it will be in profit & loss a/c as reserves & surplus which you have to transfered in balance sheet and also your profit/surplus will be added to your capital ok and capital is on your liabilities side.so thats why you have been asking for that que.

08 January 2010 Yes Agree with Murtaza ..



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