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
- 7121 Views
- IBM, TCS, I also Faced
- E-Mail Answers
Answer Posted / ravi
yes reserves & surplus amount which is kept as a reserve for last year can be utilized in this year
journal entry
reserves&surplus a/c dr 25000
TO P&LA/C 25000
Remaining 25000 can be utilized to set off future occuring
losses
| Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
Tell me what is the equation for acid-test ratio in accounting?
What are the different branches of accounting?
WHAT IS OPERATING CYCLE?
Do you know how many types of business transactions are there in accounting?
The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above
Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.
1)What is E-1 Sales (Sales in Transit) Full Guidence From Issue to receipient. 2) What is F Form How Are procedure
please inform me , how to make employee ladger account of salary...please inform me with entry..e.g if we give 14000 salary, as structure we put it half amount in advance and half is salary so in this case how to make entry in employee ledger account...please inform me...both things..Thank You.
What is accrual accounting?
In which account does the unpresented cheque will get recorded?
what is the basic difference between pooling of interest method and purchase method in amalgamation
a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?
Tell us what is icai?
can i material bill book in miro without vat on transport charges ?
Accounting for vc money in financials
