Interested to Buy Any Domain ? << Click Here >> for more details...
Where we transfer loss in Balance Sheet?
- 11 Answers
- 40041 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / murali royal
If it is Net loss then we have to deduct from capital at
Liabilities side in the balance sheet.
If it is Loss on sale of an asset then we have to deduct from
the appropriate asset at assets side of balance sheet.
| Is This Answer Correct ? | 67 Yes | 6 No |
Answer / fallah
loss appear under owner equity subtract from retained earning
| Is This Answer Correct ? | 21 Yes | 3 No |
Answer / farid ahmed
If Capital is the liability of the company, so loss will be
the assets of the company. Due to management inefficiency
and mishandle loss is being occurred.So, management is
liable for the loss.That's why we transfer loss in Balance
Sheet.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / bipin
The loss is transferred to 'Goodwill account' in the Asset side of the Balance sheet............
The profit is transferred to 'Capital reserve' in the Liability side of the Balance sheet.
| Is This Answer Correct ? | 9 Yes | 5 No |
Answer / naushad
Loss transfer to Capital Account of Liabilities Side.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / bhasker subba
We can deduct such loss from capital a/c because it will reduce the capital of a firm....
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / paul
+The loss for a finacial year cannot be deducted in companies with capital structure registered with ROC. Changes to registered position with capital -increase or decrease is possible only with application to ROC. The loss will be shown as a debit balance in Debit/Asset side as accumulated loss. But for firms or propietor accounts loss can be reduced from capital as loss denote erosion of invested money or capital and added vice versa to capital if it is retained in business or withdrawn if required.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vijay bhaskar reddy(vijji_tv@y
what is this Sirisha? How loss will be asset to the company?
| Is This Answer Correct ? | 4 Yes | 5 No |
Answer / sirisha
Asset side we will Transfer the Loss. Loss is an asset to
company and profit is Liability.
| Is This Answer Correct ? | 15 Yes | 28 No |
Answer / nishi
Loss is shown in the Trading and Profit & Loss a/c of Debit
side, NOT in Balance Sheet.
| Is This Answer Correct ? | 5 Yes | 18 No |
What are the two motives of business?
Expand---------MDOT
what is tha p/e ratio?
10 Answers Capital IQ, Edelweiss,
Whatis new GL & Odd G.L What is the difference between these two.
what diff. between panelty and interest in d-vat.what is the rate of panelty and intrest?
EXPAND______________IFC
what is cost accounting ?
EXPAND_________VT
pls explain the clear difference between Depreciation and Demortization?
3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
what is commerce?
On 01-04-2006 Mr. Dhanpal started business with Rs.2,00,000 cash and opened a bank account with Rs.1,50,000. He purchased furniture for his business for Rs.25,000. Goods were bought from Deendayal for Rs.50,000 on credit. He sold goods for Rs.27,000 in cash and 30,000 on credit. He paid Rs. 2,500 for business expenses during April month. Rs. 10,000 was withdrawn for office purposes from the bank. Find out the closing balance of cash and bank.
Audit 
