When Making a Transfer from a General Reserve to Retained

question 5

Multiple Choice

When making a transfer from a general reserve to retained earnings, which of the following journals could be used?

• A) DR General reserve CR Retained earnings
• B) DR Retained earnings CR General reserve
• C) DR Share capital CR General reserve
• D) DR General reserve CR Share capital

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Definitions:

Compare Themselves

The act of evaluating oneself in relation to others, often in terms of achievements, abilities, or status.

Own Culture

The customs, traditions, and values that individuals identify with as belonging to their own cultural or ethnic group.

Select A Gift

A decision-making process which involves choosing a present for someone else, often reflecting the giver's perception of the recipient's preferences.

Highest Self-Esteem

The peak level of positive regard and acceptance that an individual holds for themselves.