treatment of reserve fund in trail balance whether debit or
credit.
Answer Posted / 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 |
Post New Answer View All Answers
What is the distinction between cost accounting and management accounting?
Define fair value accounting?
can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?
what is a corporate chart of accounts and its purpose?
What is the difference between depreciation and amortization?
What is the difference between accumulated depreciation and depreciation expense?
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
what is tribal area allowance means
How can do it TDS in accounts?
get fixed assets items
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000
How use Budget in SAP, i want to see the report of variant between budget and actuals.
Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?
Tell me how much statistics knowledge is necessary or required in accounting?