05-24-2011, 12:12 PM
Please help me... Our income statement showed a net loss and my boss said he doesn't like net loss so he asked me to transfer his unpaid/payable salaries to one of our equity account "additional paid-in capital" - is this correct in order to get rid of negative, i.e., net loss amount? If this is not possible, can you kindly please advise a solution how I could get rid of net loss please?