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treatment of reserve fund in trail balance whether debit or
credit.
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Answer / arjun negi
Credit balance becouse it is compny's liabilty to pay back to the shareholdrs due to separate accounting entity concept.
| Is This Answer Correct ? | 33 Yes | 4 No |
Answer / vignesh
reserve fund it just a book entry money would not go out
from business. It shows debit balance in trial balance
| Is This Answer Correct ? | 7 Yes | 23 No |
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