how do we pass the Entry for Reserves? and What is the
Meaning of Surplus?
Answer Posted / 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
| Is This Answer Correct ? | 3 Yes | 4 No |
Post New Answer View All Answers
Define fictitious assets?
How to Automate requirment mapping in QC?
What do you think is a bank reconciliation statement?
explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule
What software applications have your used for accounts receivable?
what is your opinion regarding T.V shows on youth
How do you handle rejection?
Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.
What is the general net worth percentage banks will observe while sanctioning the Loans for Tranding, Construction and Manufacturing units.
What is deferred account?
what are the extraordinary items?
Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?
Expand ctc cheque?
I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.
How does accounting contribute to the community?