AD-FREE CAclubindia and Daily Mobile Updates. Subscribe Now!

Journal entry

Tarun Arora (m.t) (33 Points)

14 June 2011

please provide the journal entry for general reserve at 31.3.2011 to be passed in books of a/c

Reply
Follow
Share

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)

1 Like

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

1 Like

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.

1 Like

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

1 Like

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

1 Like

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