Journal entry of Loss /profit in Pvt. Ltd. Company
This query is : Resolved
16 April 2022
what to pass journal entry of loss or profit in the case of company books of accounts on 31st March.
Loss 5,00,000/-
Profit 10,00,000/-
can i pass journal entry
in the case of loss
Reserve and surplus Account Dr. 5,00,000
To Profit and Loss Account
In the case of Profit
Profit and Loss account Dr 10,00,00
to Reserve and surplus Account
Loss 5,00,000/-
Profit 10,00,000/-
can i pass journal entry
in the case of loss
Reserve and surplus Account Dr. 5,00,000
To Profit and Loss Account
In the case of Profit
Profit and Loss account Dr 10,00,00
to Reserve and surplus Account
CA R SEETHARAMAN
(Expert)
17 April 2022
Yes, you can pass such year end closing entries.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
