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    suresh shrestha's Avatar
    suresh shrestha Posts: 1, Reputation: 1
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    #1

    Jun 15, 2013, 10:05 PM
    Reserve and surplus?
    In which situation of the last year's closing balance of reserve and surplus to be changed by opening balance in this year.
    Fidget1's Avatar
    Fidget1 Posts: 105, Reputation: 4
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    #2

    Jun 22, 2013, 08:46 AM
    If errors are found after the year end accounts are closed, then the correcting adjustments are made to the opening balances of the current year accounts.
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