Question

sick industries are incurring losses from the past
five years
two years
many years
one year​

Answer 1

Answer:

okkkk Anyways how r u

Explanation:

Answer 2

Sick industries are incurring losses from the past a). five years

• A sick industrial unit is unit under a company which has incurred losses equal to 50 per cent during the first four years of its commencement or during four years before their current financial year
• A sick industry is an industry which has also not been able to repay its debts within any three consecutive quarters or periods to its creditors.
• The Companies Act has defined a sick industrial unit as one that had existed for at least five years and had incurred accumulated losses equal to or exceeding its entire net worth at the end of any financial year.
• The biggest cause of industrial sickness is managerial inefficiency as well as a major lack of professional management or experienced management.

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