Assets
Debit fund balance and credit encumrances because the reserve for encumbrances need not be closed because it is a balance sheet account.
How can be anticipate inventory
The revenue reserve is the retained earnings which are shown in the company's balance sheet as part of the shareholders' funds and are set aside to use to continue to pay dividends even if the company makes a loss. The example of the revenue reserve are the credit balance of the Profit and Loss Account, General Reserve and etc...
Answer:Net income is added to equity (retained earnings) at the end of the year. The end of year balance sheet can be presented either before and after profit appropriation. Before profit appropriationWhen the balance sheet is made before profit appropriation, net income will be included as a item on the balance sheet in the equity section. In case net income is a loss, this amount will be negative. This is the situation that the question refers to (a loss is shown on the balance sheet).After profit appropriationWhen the balance sheet is made after profit appropriation, net income is not shown as a separate item on the balance sheet under equity. Depending whether or not a dividend is paid, net income will show up as a dividend payable, or will be added to a reserve (for example, retained earnings). In case of a loss, it will be subtracted from a reserve.
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
Debit fund balance and credit encumrances because the reserve for encumbrances need not be closed because it is a balance sheet account.
Revaluation reserve is part of equity of business as shown under equity section in liability section of balance sheet.
How can be anticipate inventory
Securities.
US Generally Accepted Accounting Principles do not allow for any general reserve in the balance sheet. Reserves are recorded only for specific assets that may have declined in value, such as accounts receivable or inventory.
It would be shown as Debit Balance of Profit & Loss Account on Asset side
accumulated depreciations are recorded in the liability side of the balance sheet as a deduction from concerned assets. it also shows in the debit side of profit and loss account as an expence
General reserves are part of profit of the company for usable in future so it is the liability of company and shown in liability side of balance sheet.
The revenue reserve is the retained earnings which are shown in the company's balance sheet as part of the shareholders' funds and are set aside to use to continue to pay dividends even if the company makes a loss. The example of the revenue reserve are the credit balance of the Profit and Loss Account, General Reserve and etc...
Loan is on balance sheet
Answer:Net income is added to equity (retained earnings) at the end of the year. The end of year balance sheet can be presented either before and after profit appropriation. Before profit appropriationWhen the balance sheet is made before profit appropriation, net income will be included as a item on the balance sheet in the equity section. In case net income is a loss, this amount will be negative. This is the situation that the question refers to (a loss is shown on the balance sheet).After profit appropriationWhen the balance sheet is made after profit appropriation, net income is not shown as a separate item on the balance sheet under equity. Depending whether or not a dividend is paid, net income will show up as a dividend payable, or will be added to a reserve (for example, retained earnings). In case of a loss, it will be subtracted from a reserve.
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.