does loss reduces the capital of proprietorship concern in the end of financial year
priyatambika ( ca final student) (323 Points)
31 August 2018priyatambika ( ca final student) (323 Points)
31 August 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174741 Points)
Replied 31 August 2018
Yes. Otherwise NET loss is carried forward for adjustment with profits of next 4/8 years.
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