Sir The way you exolained the treatment of losses only current year out of reserves seems practical and reasonable. But sir if we follow that then Sec123wil be contravened which says before declaring any dividend set off all previouscyear losses. What is final conclusion that we have to follow for exams. Sir if you have any clarification or practical sum which shows how ICAI approaches the sum and please give the final conclusion
ANSWERED Ravi answered October 11, 2018     Category:
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