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What are accumulated losses? - Accounts

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प्रश्न

What are accumulated losses?

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उत्तर

The losses that have not been charged to the partners’ capital accounts are known as accumulated or undistributed losses, such as the debit balance in the Profit and Loss Account, which appears on the assets side of the Balance Sheet.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Admission of a Partner - SHORT ANSWER QUESTIONS [पृष्ठ ३.१४८]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
पाठ 3 Admission of a Partner
SHORT ANSWER QUESTIONS | Q 8. | पृष्ठ ३.१४८
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