06-09-2011, 11:31 PM
<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
else there is no way out in accounting to get rid of losses..
<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
else there is no way out in accounting to get rid of losses..
