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What journal entry is passed to …

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What journal entry is passed to transfer 5% of profit (3,00,000) to general reserve ?

Posted by Hardik Kumar 5 years, 9 months ago

CBSE > Class 12 > Accountancy

5 answers

Aleena Mariam John 5 years, 9 months ago

Dr P&L A/c and Cr general reserve A/c (always write narration for journal entry. Don't forget. )

Shalini . 5 years, 9 months ago

Here in place of P/L a/c , profit and loss appropriation a/c will be debited with 15,000

Hardik Kumar 5 years, 9 months ago

Thanks

Devansh Dhiman 5 years, 9 months ago

Maybe...

Devansh Dhiman 5 years, 9 months ago

Profit and loss a/c( Profit ) --dr 15000. ......... ... ...........To general reserve A/c .15000

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