Multiple Choice
The entry to create a general reserve is usually:
A) Dr General reserve Cr Retained profits.
B) Dr Retained profits Cr General reserve.
C) Dr Profit and loss Cr General reserve.
D) Dr Expense Cr General reserve.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q4: On 1 January 2016,Sky-High Ltd acquired 100
Q5: Which of the following statements about the
Q5: Investments appear on the balance sheet under
Q7: Gargantua Ltd paid $1 000 000 for
Q8: Alby Ltd paid $1 800 000 for
Q10: Which of the following is NOT true
Q11: On 1 January 2016,Yu Ltd acquired 100
Q12: On 1 January 2016,Sky-High Ltd acquired 100
Q13: Which of the following statements about bonus
Q14: A credit balance in retained profits:<br>A) equals