Question

what is accumulated loss and profits​

Answer 1

Answer:

A loss from previous years carried forward in order to offset future earnings is termed as accumulated loss .

Accumulated profit are a corporation's net profit after deducting distributions to the stockholders.

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Answer 2

Answer:

Explanation:

Accumulated loss:A loss (or losses) from previous years carried forward in order to offset future earnings. This reduces the tax burden for the years with profit as the accumulated losses are deducted from the taxable profit

Accumulated profit:a profit which is not paid as dividend but is taken over into the accounts of the following year