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


Please Help Members By Posting Answers For Below Questions

Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.

1589


What is the use of accounting?

762


Define depreciation and its types?

751


How is an accounting department structured?

740


What is the tds effect in balance sheet if tds receipts?

768






What is accrual accounting?

893


what is loan operations and what are the complete process form from making customer to closure of loan

1745


What action could be taken by you and your manager to improve your performance in your current position?

13296


Explain what qualities and skills make an account manager successful?

752


Please would you provide me with a defenition of Cycle count tolerance ? Thank you

1615


describe any accounting process that you have developed or revised

728


Company ABC split 1:3 on March 31, 2009 and split 3:1 on March 31, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 3000 $75.00 April 23, 2009 $72.00 2300 $72.00 March 31, 2009 $67.00 999 $ March 31, 2008 $275.00 300 $91.66 November 30, 2007 $233.00 6800 $77.66 October 6, 2006 $1,333.00 13000 $444.33

1643


Hello friends, I want to sk that Is computer proficiency certificate necessary at the time of SBI clerk Interview?and all other guys who have cleared the nov 2009 exam and have got the bio data form please give replies,,, waiting for replies ,thank you.

1795


what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam

1540


Do you have any idea about gst?

725