The net profit realized by an enterprise in the current period, plus the balance of undistributed profits at the beginning of the year (or minus the balance of unrecovered losses), and other transferred balances, constitute the truly distributable profits of the enterprise. During the audit process, banks should pay attention to whether there were losses in previous years and whether such losses have been reflected as recovered losses in the financial statements.
Contact: Michael Xu
Phone: 13917219966
E-mail: xbtlawyer@outlook.com.com
Whatsapp:+86 139 1721 9966
Add: No.425 ,Yishan Rd,Xuhui District,Shanghai