How to interpret balance bought forward from previous year viz a viz Networth?
Here is a PL statement http://www.grasim.com/investors/financials/profit_loss_account.htm
The co makes a PAT 2092 and then mentions BALANCE BOUGHT FORWARD from previous year 2180 and hence PROFIT Available for Appropriation 4278 .
I dont understand what is this BALANCE BOUGHT FORWARD FROM PREVIOUS YEAR , then what is the idea of RESERVES ??? Should everything be clubbed as the reservere ?
And what is this PROFIT AVAILABLE FOR Appropriation ?
Please explain
Here is a PL statement http://www.grasim.com/investors/financials/profit_loss_account.htm
The co makes a PAT 2092 and then mentions BALANCE BOUGHT FORWARD from previous year 2180 and hence PROFIT Available for Appropriation 4278 .
I dont understand what is this BALANCE BOUGHT FORWARD FROM PREVIOUS YEAR , then what is the idea of RESERVES ??? Should everything be clubbed as the reservere ?
And what is this PROFIT AVAILABLE FOR Appropriation ?
Please explain