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After redemption of debenture debenture reduption reserve where to transfer whether in PL Ac or in General reserve.?
After redemption of debentures, debenture redemption reserve is to be transferred to general reserve.
When are records transferred from the general alphabetic file to the numbered file?
When are records transferred from the general alphabetic file to the numbered file?
What is journal entry to taking funds to reserve account?
[Debit] Net income account [Credit] General Reserves
What should be Journal entry for creation of general reserve?
Reserves always created from profit. Therefore the Journal entry will be for creating reserves Dr Profit & Loss A/c CR Reserve A/c
Who voted to transfer social security funds into general fund?
it was never transferred to the general fund.
What are two Napoleonic Era responses on the value of an army's reserves?
The importance of an army's reserves have always been a part of military planning when it comes to the battlefield. Many military historians and leaders have emphasized their importance, but in different ways. Clearly Carl Von Clausewitz speaks about reserves, and their numbers when a commander is calculating his situation in a battle. He advises field commanders to take note of his own reserves and where possible, a determination of the reserves of an enemy. Depending upon various circumstances, the size of an attacker's reserves may determine whether to retreat or to advance.One of Napoleon's opponents, the Archduke Charles, specifically advises that a commander requires a strong number of reserves to cover a losing army's retreat. Confederate General Robert E. Lee, as one US Civil War example, was successful in using his reserves to thwart an enemies pursuit when Lee was forced to retreat.
What are the three concerns by the general public regarding transplants?
The main ones tend to be a) whether the "cadaveric donors" are actually and completely dead, b) whether, if you should become very ill, and your doctor think you would make a good organ donor, there is a possibility that life-saving treatment may actually be withheld, and c) whether "personality traits" are transferred along with the organs.
What is the journal entry to purchase asset from general reserve?
General reserves need to be converted into cash first by issuing new shares to share holders and after that cash can be used to purchase assets.
What fund or group of accounts would premiums received on general obligation bonds transferred to?
Debt Service
What should be Journal entry for purchase of building from general reserve account?
First of all general reserves need to be converted into cash by issuing new shares and then that cash can be used to purchase building.
What is retained earnings and general reserve?
Retained Earnings are the accumulated profits and losses of a company over time (less any dividends or distributions to stockholders). At the end of each fiscal year, the income and expense accounts are zeroed out and the net profit or loss for the year is posted to Retained Earnings. So if a company made $10,000 Net Income per year for it's first three years (and paid no dividends), at the end of year three, Retained Earnings would be $30,000.
Is general reserve fund placed in asset side in a balance sheet?
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.
