Reserves and Surplus
imran khan (imran@123) (47 Points)
21 January 2021In companies accounts Schedule III
imran khan (imran@123) (47 Points)
21 January 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 21 January 2021
prasad Nilugal
( GST Practitioner & Accounts )
(14568 Points)
Replied 21 January 2021
AS per Schedule III - Debit Balance of Profit & Loss account shall be shown as negative figure under " Surplus " . Similarly balance of Reserve & Surplus " after adjusting negative balance of Surplus , if any , Shall be shown under the head " Reserve & Surplus" even if the resulting figure is in the negative .
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)