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It basically mean that the company made a loss for that financial year.
There are alot of items like:
1) Deffered taxation
2) Interest Receivable (interest recevieable accrue in P&L)
3) Closing Stock
4) gain in revalution of Assets
The figure shown in Balancesheet Asest Side is Loss for the Period/Year related to it
some debit items in profit & loss account as expenses which are paid in advance or prepaid those items will considered as assets and shows in balancesheet
Its 'accumulated loss' of the comapny. If the loss is more than the retained earning of the company, then it appears in the asset side of the balance sheet.
Its basically prior year losses
Stock
prior year losses
deffered and Prepaid expenses
accruals
It is accumulated Loss
It's measn there is an accumulated loss.
