Question

in reconciliation statement transfer to reserve are ?​

Answer 1

Answer:

if its Income - has to be reduced and

if its expense - has to be added

Explanation:

and your Question is not clear

Answer 2

Answer:

In the reconciliation statement transfers to reserve are added to financial profit.

Explanation:

Financial Profit:

• Accounting profit is the net income produced after deducting all dollar costs from total revenue.
• It is also known as accounting profit or financial profit.
• In essence, it displays how much money a company has left over after removing the stated costs of doing business.

Reserves:

• Reserves are portions of income or gains set aside for a certain purpose.
• Reserves are often established to purchase fixed assets, pay bonuses, pay an anticipated legal settlement, pay for repairs and upkeep, and pay off debt.
• Except for contributed or basic share capital, a reserve can arise in any element of shareholders' equity.
• An "operation reserve" is the unrestricted cash on hand available to support an organization in nonprofit accounting, and nonprofit boards typically define an objective of keeping several months of operating cash or a proportion of their yearly income, known as an Operating Reserve Ratio.

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