Answer Posted / ajay naraina

Reserves and surplusAt the end of an accounting period the
company may decide to transfer part of the profits to a
reserve and retain the balance in the profit and loss
account. The reserve created out of profits transferred
from profit and loss account is called general reserve. The
balance in the profit and loss account is called a surplus
and will be shown under this head in the balance sheet.
The company can use the general reserve for various
purposes including issue of bonus shares to shareholders
and payment of dividend when profits are insufficient.
The premium received when shares are issued at a premium
to the face value is shown under the head reserves and
surplus

How time sheets are maintained?

628

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1569

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Do you know partitioning in accounting?

627

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620

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604

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we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?

1518

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What is good accounts Process & Execution capabilities?

1601

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1640

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Do you know how many types of business transactions are there in accounting?

616

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671

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What's the accounting entry when an Invoice is created in AR?

1594

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Mention what are things will not be included in a bank reconciliation statement?

674

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salary payable deduct tds entry

1106

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What is cost accountancy? What are the objects of cost accountancy?

602

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Explain me what is tally accounting?

574

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