please provide the journal entry for general reserve at 31.3.2011 to be passed in books of a/c
16 Replies
A G Vishal Kirthic
(Chartered Accoutant)
(236 Points)
Replied 14 June 2011
P&L A/c Dr.
To General Reserve A/c
(Current Year Appropriation)
vipul patel
(Ahmedabad)
(320 Points)
Replied 14 June 2011
if in current year profit than
P&L A/c Dr
to General Reserve A/c
Surjeet Singh
(Accountant cum office manager)
(28 Points)
Replied 14 June 2011
please provide the journal entry for Depreciation reserve at 31.3.2011 to be passed in books of a/c
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 14 June 2011
first journal entry would be
p and l ac - -- - - - - - - - -- dr.
to general reserve
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 14 June 2011
sorry
p and l appropriation ac - -- - - - - - - - -- dr.
to general reserve
CA Madhvi
(...Blissful...)
(1658 Points)
Replied 14 June 2011
Dep. a/c dr.
To prov. for dep. reserve.
Rajnikant Vadigoppula
(CA, CS And CMA Final)
(919 Points)
Replied 14 June 2011
for general reserve:
Profit & Loss Appropriation a/c ..................................Dr XXXX
To General Reserve a/c XXXX
for Depreciation Reserve:
Depreciation a/c ................................................Dr XXXX
To Provision for Depreciation a/c XXXX
Profit & Loss a/c ................................................Dr XXXX
To Depreciation a/c XXXX
Somshekar (Rankholder)
(-)
(158 Points)
Replied 14 June 2011
Dep a/c Dr
To Prov for dep reserve a/c
Then transfer the Dep to P&L a/c
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 15 June 2011
| Originally posted by : Rajnikant Vadigoppula | ||
 |
for general reserve: Profit & Loss Appropriation a/c ..................................Dr XXXX To General Reserve a/c XXXX for Depreciation Reserve: Depreciation a/c ................................................Dr XXXX To Provision for Depreciation a/c XXXX Profit & Loss a/c ................................................Dr XXXX To Depreciation a/c XXXX |
 |
yes agreed
Venkatesan
(Accountant)
(42 Points)
Replied 15 June 2011
HI mr "future ca" taxation deptt, may i know why copying the answers from others(Rajiniganth Vadigopulla) if already answered. Thanks
Naman
(Accountant)
(339 Points)
Replied 15 June 2011
He has asked for general reserve only. that is
P/L Appropriation A/c Dr.
To General Reserve A/c
If P/L Appropriation A/c has not been maintained then use P/L A/c on the place of P/l Appropriation A/c.
Naman
(Accountant)
(339 Points)
Replied 15 June 2011
| Originally posted by : Rajnikant Vadigoppula | ||
|
|
for general reserve: Profit & Loss Appropriation a/c ..................................Dr XXXX To General Reserve a/c XXXX for Depreciation Reserve: Depreciation a/c ................................................Dr XXXX To Provision for Depreciation a/c XXXX Profit & Loss a/c ................................................Dr XXXX To Depreciation a/c XXXX |
|
CA Mohit Saxena
(FINANCE MANAGER)
(343 Points)
Replied 15 June 2011
| Originally posted by : Rajnikant Vadigoppula | ||
|
|
for general reserve: Profit & Loss Appropriation a/c ..................................Dr XXXX To General Reserve a/c XXXX for Depreciation Reserve: Depreciation a/c ................................................Dr XXXX To Provision for Depreciation a/c XXXX Profit & Loss a/c ................................................Dr XXXX To Depreciation a/c XXXX |
|
Absolutely correct
Mayank
(Sr.Accountant)
(152 Points)
Replied 15 June 2011
Depreciation a/c Dr.
To Fixed Assets
then
P& Loss A/c Dr
To Depreciation
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
