Question: What is the basic journal entry to create a general reserve? Select one: a. Dr General reserve, Cr Retained earnings b. Dr Income, Cr General

What is the basic journal entry to create a general reserve?

Select one:

a. Dr General reserve, Cr Retained earnings

b. Dr Income, Cr General reserve

c. Dr Profit or loss summary, Cr General reserve

d. Dr Retained earnings, Cr General reserve

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