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why profits are shown as liability and loss as asset in
balance sheet?
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Answer Posted / giri
Profits are liability for the company because shareholders
are having the right on those profits. So, it is shown in
the assets sides of B/s. But loss can be shown as the
assets side of the B/s if we can capitalise those losses in
future years or If we are unable to reduce the paid-up
capital as per MOA then we show losses in the asset side.
| Is This Answer Correct ? | 10 Yes | 4 No |
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