The Correct Accounting Entry to Create a Reserve Is

question 3

Multiple Choice

The correct accounting entry to create a reserve is:

• A) DR Retained earnings; CR Reserve.
• B) DR Reserve; CR Retained earnings.
• C) DR Profit and loss summary account; CR Reserve.
• D) DR Expense; CR Reserve.

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Definitions:

Waiting List

A list of individuals or items prioritized for service or attention based on criteria such as urgency or time of request.

Meta-analysis

A statistical technique for combining the findings from independent studies to identify patterns among study results, sources of disagreement, or other interesting relationships.

Statistical Technique

A mathematical method used to analyze, interpret, or predict data outcomes.

Studies

Systematic investigations or research aimed at acquiring knowledge and understanding in a specific field.