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Question
A company is said to be 'Sick' when the accumulated loss at the end of any financial year leads to erosion of___________ percent of its net wealth.
A company is said to be 'Sick' when the accumulated loss at the end of any financial year leads to erosion of___________ percent of its net wealth.
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Solution
The correct option is A 100 %
Industrial sickness is defined in India as " an industrial company (being a company registered for net less than five years) which has, at the end of any financial year, accumulated losses equal to, or exceeding, its entire net worth and has also suffered cash losses in such financial year and the financial year immediately preceding such financial year".
Industrial sickness is defined in India as " an industrial company (being a company registered for net less than five years) which has, at the end of any financial year, accumulated losses equal to, or exceeding, its entire net worth and has also suffered cash losses in such financial year and the financial year immediately preceding such financial year".
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