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QUESTION 71 FuturaLtd.hadthefollowingitemsunderthe head"ReservesandSurplus" intheBalance Sheet as on 31st March, 2017: Amount Rs.in lakhs Securities Premium Account 80 Capital Reserve 60 General Reserve 90 The company had an accumulated loss of Rs. 250 lakhs on the same date, which it has disclosed under the head "Statement of Profit and Loss as asset in its Balance Sheet. Comment on accuracy of this treatment in line with Schedule III to the Companies Act, 2013