Answer Posted / paul
+The loss for a finacial year cannot be deducted in companies with capital structure registered with ROC. Changes to registered position with capital -increase or decrease is possible only with application to ROC. The loss will be shown as a debit balance in Debit/Asset side as accumulated loss. But for firms or propietor accounts loss can be reduced from capital as loss denote erosion of invested money or capital and added vice versa to capital if it is retained in business or withdrawn if required.
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