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CARO 2016
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If there any excess of debit balances of profit and loss account after adjustment to Reserves and surpluses, Can this excess be netted off against Paid up capital ?
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Best Answer
Thread Starter
Hemanth Anil kumar RallapalliMCQ
No. The order mentions Paid up capital and reserves and surplus. It does not mention aggregate of Paid Up capital and Reserves and Surplus.
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