19 -Which of the following is the account in which the net loss after tax for the operating period of the business is followed in the balance sheet ? a)542 Extraordinary Reserves Hs. B)591 Net Loss for the Period Hs. NS)540 Legal Reserves Hs. D)541 Status Reserves Hs. TO)590 Net Profit for the Period Hs.

Answered: 9 - Which of the following is the…

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter20: Corporations And Partnerships

Section: Chapter Questions

Problem 45P

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19 -

Which of the following is the account in which the net loss after tax for the operating period of the business is followed in the balance sheet ?

a)	542 Extraordinary Reserves Hs.

B)	591 Net Loss for the Period Hs.

NS)	540 Legal Reserves Hs.

D)	541 Status Reserves Hs.

TO)	590 Net Profit for the Period Hs.

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