Question

In a firm, 10% of net profit after deducting all adjustments, including reserve is transferred to general
reserve. The net profit after all adjustments but before transfer to general reserve is 44,000. Calculate
amount to be transferred to general reserve.
a. 2,500 b.4,000 c. 4,400 d. 2,200​

Answer 1

transfer amount:4000 I.e. - 44,00

10/110

Explanation:

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