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-   -   What is the relation between Resurves & Surplus and Profit & Loss account? (https://www.askmehelpdesk.com/showthread.php?t=318355)

  • Feb 17, 2009, 12:32 AM
    pulickalbismil
    What is the relation between Resurves & Surplus and Profit & Loss account?
    What is the relation between Resurves & Surplus and Profit & Loss account?
  • Feb 17, 2009, 11:01 AM
    mazhar641

    Profit & Loss account shows you the profit or loss for the fiscal year only, Where as Reserve shows the accumulated profit or loss for the previous periods. Pofit or has has to be transferred to Reserve for distribution. It would increase the reserve if there is a profit or decrease if there is a loss during the period.

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