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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

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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