treatment of reserve fund in trail balance whether debit or
credit.
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Answer / arjun negi
Credit balance becouse it is compny's liabilty to pay back to the shareholdrs due to separate accounting entity concept.
| Is This Answer Correct ? | 33 Yes | 4 No |
Answer / vignesh
reserve fund it just a book entry money would not go out
from business. It shows debit balance in trial balance
| Is This Answer Correct ? | 7 Yes | 23 No |
Re: one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupees note the showroom executive didn't have the change so he take the change from next to his showroom's shop then he deliver the phone to customer with the change of rs 250.and customer went with both after sometime the shop owner of next to showroom who gave the change of Rs 1000 with angry and told the showroom executive that the note you give it to me is fake! so showroom executive gave him Rs1000 to him.so my(question) is how much the showroom executive faced the loss on this transaction. (the answer is neither 750,1000,1250,1500,1750 nor 2000) please reply the answer because its urgent with the explanation of u'r answer thankyou.
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