Question

why is loss is considered as an asset in balance sheet​

Answer 1

HELLO MATE HERE IS YOUR ANSWER.

At the risk of gross oversimplification, corporations that lose money in a given year (and have no taxable income) have the right to use that loss in future years. ... These accumulated losses, then, go on the balance sheet as an asset – a deferred tax asset – because of their value in reducing future tax bills.

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