A company is making loss since it's beginning but current year it has made a profit, can a company create a reserve from this profit ?

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
Authorised capital of a company is Rs.5 lac,40% of it is paid up.Loss incurred ...
Posted by:
Muhammad Zubair
12-April-2014

Question added by Farzain Javed Anjum , Senior Accountant/Acting Chief Accountant , Al Eatesam Modern Marketing Compnay
Date Posted: 2015/06/18

Upvote (0) Views (0) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by Rose Agut , Caregiver , Lateefa Mohammad Alaqeeli

Yes,they can reserve from this profit.

Downvote Reply () Report

Popular Searches

Engineering Technicians Jobs Engineers Jobs Sales Executive Jobs Accountant Jobs Software Engineer Jobs

Write Your Answer

More Questions Like This

A company is about to begin work on a large construction project to build four new buildings for a bank that wants to open new branches.?
Top Answer: Answer: AExplanation: Lessons learned from past projects are always part of a company's organizational pr ... See More

Answers (1)
Today the board has declared a dividend of usd 1 million for the last year profit achieved. which one is the correct answer to record the dividend?
Top Answer: The answer is C. record the entry at the time of payment of dividend. See More

Answers (10)
What is the best practice of starting a new hr department in a company that is already running 10 years ago
Top Answer: First Step is to 1- make structure got HR Dep 2- put policy & strategy for it 3- make job descriptio ... See More

Answers (37)
Calculate the Amount of Net Income or Net Loss for the followings :
Top Answer: Mr james has made the profit of107000 . See More

Answers (33)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.