Taxation Question:

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Where we show the brought forwarded losses in the Balance Sheet?

Taxation Interview Question
Taxation Interview Question

Answer:

Brought forward loss is shown as adjustments under Capital Account and is shown Liability side of Balance Sheet

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If A is purchased Excise Duty paid goods i.e. H.R.Sheet. He want to sell the same as vat bill without excise. It can be possible?What is er1?