Journal entry

P&L A/c Dr.

To General Reserve A/c

(Current Year Appropriation)

if in current year profit than

P&L A/c          Dr

      to General Reserve A/c  

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

first journal entry would be

p and l ac - -- - - - - - - - -- dr.

              to general reserve 

sorry

p and l appropriation ac - -- - - - - - - - -- dr.

to general reserve

Dep. a/c dr.

   To prov. for dep. reserve.

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

Dep a/c  Dr

To Prov for dep reserve a/c

Then transfer the Dep to P&L a/c

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

HI mr "future ca" taxation deptt, may i know why copying the answers from others(Rajiniganth Vadigopulla) if already answered. Thanks

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.

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

 Absolutely correct

Depreciation a/c  Dr.

To Fixed Assets

then

P& Loss A/c   Dr

To Depreciation