Multiple Choice
When making a transfer from a general reserve to retained earnings,which of the following journals could be used?
A) DR General reserve CR Retained earnings
B) DR General reserve CR Share capital
C) DR Retained earnings CR General reserve
D) DR Share capital CR General reserve
Correct Answer:

Verified
Correct Answer:
Verified
Q1: According to the AASB's Conceptual Framework an
Q2: As well as expenses that arise in
Q6: AASB 137 defines a provision as a:<br>A)present
Q8: The AASB's Conceptual Framework defines income as:<br>A)increases
Q9: There are no separate measurement methods for
Q10: The statement of financial position shows which
Q11: All assets are measured initially at historical
Q41: The Reserves accounts of a company are
Q48: Which of the following statements is correct
Q58: Reserves that are not required by accounting