2. Sample Papers
  3. 12th Class
  4. Accountancy

12th Class Accountancy Sample Paper Accountancy - Sample Paper-1

  • question_answer
    Pass necessary journal entry to transfer 10% of profits to general reserves, if Profit is given Rs. 5,00,000.

    Answer:

    JOURNAL
    Date Particular LF Amt (Dr) Amt (Cr)
    Profit and Loss Appropriation A/c Dr 50,000
    To General Reserves A/c 50,000
    (Being 10% of Profits transferred to general reserves)


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