Net Loss and Negative reserves on balance sheet - is it correct?

Capital:  

Owner's Equity  700,000.00  

Net Loss           (445,338.11)

Reserves           (324,163.52)

Total Capital      (69,501.62) 

Comments
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No ...

Old Greying Accountant |
Old Greying Accountant's picture

lol to above!

khalm0 |

Negative Equity

conzwelo |
conzwelo's picture

Not enough info ...

Old Greying Accountant |
Old Greying Accountant's picture

Mistake...

annejat |

Its a new company

annejat |

No ...

Old Greying Accountant |
Old Greying Accountant's picture