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Net Loss in Income Statement
05-24-2011, 12:12 PM
Post: #1
Net Loss in Income Statement
Please help me... Our income statement showed a net loss and my boss said he doesn't like net loss so he asked me to transfer his unpaid/payable salaries to one of our equity account "additional paid-in capital" - is this correct in order to get rid of negative, i.e., net loss amount? If this is not possible, can you kindly please advise a solution how I could get rid of net loss please?
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06-09-2011, 11:31 PM
Post: #2
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by accountschick</i>
<br />Please help me... Our income statement showed a net loss and my boss said he doesn't like net loss so he asked me to transfer his unpaid/payable salaries to one of our equity account "additional paid-in capital" - is this correct in order to get rid of negative, i.e., net loss amount? If this is not possible, can you kindly please advise a solution how I could get rid of net loss please?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Think, you may need to advise your boss to come up with some good business plan/model Wink else there is no way out in accounting to get rid of losses..
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06-15-2011, 11:34 PM
Post: #3
 
yeah there are many ways to convert loss into income like sales to fake parties, fake scrap sales, over value the closing stock. But please note down that these are manipulation not a right way to do.
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