Interested to Buy Any Domain ? << Click Here >> for more details...
last year company profit is Rs 50.000 ,the part of the
profit is transfer to reserve and surplus account . but
the current year company suffering loss .in that situation
company can take help Rs 25000 from reserve and surplus
. if yes than how can ,please reply me what is general entry
- 3 Answers
- 7017 Views
- IBM, TCS, I also Faced
- E-Mail Answers
Answer Posted / tapan
when we transferred the profit in Reserve & Surplus Entry is
Reserve & Surplus A/c Dr
To Profit & Loss Account
Now Loss Occur so just reverse Entry
Profit & Loss A/C Dr
To Reserve & Surplus
| Is This Answer Correct ? | 3 Yes | 3 No |
Post New Answer View All Answers
what is the meaning of banking
WHAT ARE THE MOST ELEMENTS OF YOUR JOB?
purchase return liability or asset?should it be included in the balanced sheet?
Is push down accounting accepted under generally accepted accounting standards?
Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect
If balancing account is not assigned to company & is assigned to department wat will be the effects
How many types of business transactions are there in accounting?
what is differnce between balance sheet of a bank & a company
What we have to post entry for payroll processing ? (Indian payroll)
Why we debit expenses and credit incomes ?
what is the relationship between bookkeeping and accounting?
What is fitting and fixtures?
In which account does the unpresented cheque will get recorded?
Plant and machinery destroyed for 50000
What is a ledger?
