The balance of “Reserve and Surplus” after adjusting negative balance of Surplus, if any, shall be shown under “Reserve and Surplus” . True or false.

True

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False

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Partially True

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None of these

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Solution

The correct option is A
True

True. The balance of “Reserve and Surplus” after adjusting negative balance of Surplus, if any, shall be shown under “Reserve and Surplus” even if the resulting figure is ‘negative’.

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The balance of “Reserve and Surplus” after adjusting negative balance of Surplus, if any, shall be shown under “Reserve and Surplus” . True or false.

The correct option is A True True. The balance of “Reserve and Surplus” after adjusting negative balance of Surplus, if any, shall be shown under “Reserve and Surplus” even if the resulting figure is ‘negative’.

The correct option is A
True

True. The balance of “Reserve and Surplus” after adjusting negative balance of Surplus, if any, shall be shown under “Reserve and Surplus” even if the resulting figure is ‘negative’.