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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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Hemanth Anil kumar Rallapalli

Hemanth Anil kumar Rallapalli

CA Inter

5K+

01-Dec-20

26

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Thread Starter

Hemanth Anil kumar Rallapalli

MCQ

No. The order mentions Paid up capital and reserves and surplus. It does not mention aggregate of Paid Up capital and Reserves and Surplus.


Suraj Lakhotia

Suraj Lakhotia

Admin

02-Dec-20

MCQ

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Thread Starter

Hemanth Anil kumar Rallapalli

Hemanth Anil kumar Rallapalli

CA Inter

5K+

01-Dec-20

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