What does Cash loss means in auditors report?
4 Replies
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 11 January 2011
Networth gets eroded.Not an eloborate and good way of replying but waiting for other experts to comment on the same so that i can also understand
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 11 January 2011
Cash Loss=Net Loss as per P&L Less Non cash items like Depreciation and Exchange loss
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 11 January 2011
If a Company incurs cash Loss for 3 consequtive years and if Networth is in a position which is likely to erode we cannot draw Financial statements on Going Concern Basis
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 11 January 2011
May I request some experts to draw an imaginary balance sheet and explain this so that i can also know more about this please
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