In ITR 6, if balance in Profit & Loss is negative figure & it is more than share capital then negative balance is not automatically shown in Shareholder Fund ...Then please suggest where I will show the negative balance of P/L account. ???
CA RAJA SAHA (Dy Manager(F &A)) (321 Points)
05 August 2013In ITR 6, if balance in Profit & Loss is negative figure & it is more than share capital then negative balance is not automatically shown in Shareholder Fund ...Then please suggest where I will show the negative balance of P/L account. ???
CA CS Roshan Begrajka
(Chartered Accountants)
(267 Points)
Replied 05 August 2013
in balance sheet under the head reserve & surplus serial no-8
CA RAJA SAHA
(Dy Manager(F &A))
(321 Points)
Replied 05 August 2013
In Serial No 8 under reserve & surplus column if negative balance is more than share capital then negative shareholders fund not reflected in ITR 6.
Pankaj Bhatt
(Student MBA)
(22 Points)
Replied 05 August 2013
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