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how do we pass the Entry for Reserves? and What is the
Meaning of Surplus?



how do we pass the Entry for Reserves? and What is the Meaning of Surplus? ..

Answer / gulzar.thpl@gmail.com

entry Will be

Reserves a/c ( particular reserve) Dr.
To profit and loss a/c Cr.
(Being fund transfer to particular reserve.)



Surplus :- i think when profit is transfer to verious
resurves and fund rest of balance of Profit is called as
surplus

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