Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › General Reserves
- This topic has 8 replies, 2 voices, and was last updated 9 years ago by John Moffat.
- AuthorPosts
- April 8, 2015 at 10:52 am #240501
Dear sir,
Will the proposed transfer to general reserves be included in the SOCIE??April 9, 2015 at 4:23 am #240586Yes. The SOCIE shows the movements on all of the reserves.
April 9, 2015 at 12:20 pm #240648Dear sir,
This is really confusing.. Then y is proposed dividends not deducted as this ll also reduce the retained earnings and it is a revenue reserve aswell..????April 10, 2015 at 6:01 pm #240784Proposed dividends are not shown anywhere because they are only proposed and are not definite. (They only become ‘certain’ when shareholders have voted on them – while they are just proposed they do not appear anywhere in the statements)
April 10, 2015 at 6:01 pm #240785Proposed dividends are not shown anywhere because they are only proposed and are not definite. (They only become ‘certain’ when shareholders have voted on them – while they are just proposed they do not appear anywhere in the statements)
April 10, 2015 at 7:32 pm #240819Dear sir,
So the proposed transfer to reserves need not to b approved.. Is it made straight away, i.e retained earnings(Dr)
General reserves(Cr)April 10, 2015 at 7:45 pm #240825Transfers between reserves do not need to be approved – correct 🙂
April 11, 2015 at 2:03 am #240840Oh ok ok.. Thank u sir..
April 11, 2015 at 8:37 am #240866You are welcome 🙂
- AuthorPosts
- You must be logged in to reply to this topic.