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Advait Ltd. has ₹8,00,000 as General Reserve on 31st March 2022 and they incurred a loss of ₹10,00,000 during the year ending 31st March 2023. What am
Question

Advait Ltd. has ₹8,00,000 as General Reserve on 31st March 2022 and they incurred a loss of ₹10,00,000 during the year ending 31st March 2023. What amount will be shown under reserves and surplus.

A.

₹(18,00,000)

B.

₹18,00,000

C.

₹2,00,000

D.

₹(2,00,000)

Correct option is D

Amount to be shown under Reserves and Surplus = ₹8,00,000-₹10,00,000=(₹2,00,000)

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