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Q. > Please Help: General Reserve - Clarifications
Dear Members,
Can General Reserve be in negative? If Yes please specify the cases in which General Reserve be in negative.
3 Answers
answered Jun 24, 2013 by Vikky Kumar Jha , Darbhanga
Yes it can be. If GR having negative balance it means the business has a cumulative loss.
answered Jun 24, 2013 by Vikash Kumar Jha , Cuttack
No
answered Sep 07, 2013 by Vaneet Gupta , Delhi
Yes, On account of accumulated losses.
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Comments
chunchun kumar
29-Jun-2013 , 03:00:19 amNO, how can u transfer Loss of PL A\c into general reserve?
CA MANI
29-Jun-2013 , 11:11:20 amno. it can never be negative. general reserve is created by setting aside amount so that it can be distributed for distributing profits when future profit is low. its not a part of equities
CA MANI
29-Jun-2013 , 11:11:21 amno. it can never be negative. general reserve is created by setting aside amount so that it can be distributed for distributing profits when future profit is low. its not a part of equities
Vaneet Gupta
26-Aug-2013 , 11:04:12 amYeas on account of Cumulative losses from business