Advertisements
Advertisements
प्रश्न
The firm with X, Y and Z as partners earned a profit of ₹ 3,00,000 during the year ended 31st March, 2011. 20% of this profit was to be transferred to the General Reserve. Pass the necessary journal entry for the same.
रोजनामा प्रविष्टि
Advertisements
उत्तर
| Date | Particulars | L.F | Debit ₹ | Credit ₹ |
| 2011 | ||||
| March 31 | Profit and Loss Appropriation A/c ...Dr. | 60,000 | - | |
| To General Reserve A/c | - | 60,000 | ||
| (Being 20% of the profit transferred to the general reserve.) |
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
