Question

General reserve in final accounts what if they given a adjustment and how do we treat them

Answer 1

Answer:

It is prepared to know the amount of profit or loss and financial position of the business. ... The following are the main objectives of final accounts: -. To ... Treatment in final accounts.

Answer 2

Explanation:

Adjustments in Final Account.

The adjustment transactions represent such items of incomes and expenditures, which relate to the current year and have not yet been brought into the book of accounts. Such financial transactions are adjusted after the preparation of trial balance.