Question

in a firm 10% of net profit after deducting all adjustments including reserve is transferred to general reserve. the net profit after all adjustment but before transfer to general reserve is 88000 calculate the amount which is to be transferred to reserve​

Answer 1

Answer:

Transfer Amount = 4,000 i.e. 44,000 * 10/110

Answer 2

Answer:

transfer amount 8000

Explanation:

88000×10/110 =8000