07-10-2006, 02:53 AM
If an entity has set-off its brought forward losses and taxation has been paid after set-off of c/f losses then what would be the movement of profits in statement of changes in equity??
suppose;
b/f losses (3000)
profit for the year 15000
after set-off 12000
taxation @ 35% (4200)
PAT c/f 7800
please guide me how the profit should be shown in statement of changes in equity
suppose;
b/f losses (3000)
profit for the year 15000
after set-off 12000
taxation @ 35% (4200)
PAT c/f 7800
please guide me how the profit should be shown in statement of changes in equity
