Question

in final account where put reserve fund​

Answer 1

The amount to be transferred to a Reserve (orReserve Fund) is debited to Profit and Loss Appropriation Account. Examples of Reservesare General Reserve, Capital Reserve, Dividend Equalization Reserve, Contingency Reserve, etc.

Answer 2

Answer:

Generally, you debit retained earnings and credit the reserve fund (also an equity account). All this does is set the funds aside for a specific purpose. For presentation purposes, the reserve fund account can be a separate account or a sub-account in the equity section of your balance sheet.

Explanation:

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