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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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