Is general reserve a debit or a credit balance Plz answer ASAP - Accountancy - Trial Balance and Rectification of Errors

Question

Is general reserve a debit or a credit balance??? Plz answer ASAP

Jayati Jawa · Accepted Answer

General Reserve is created by keeping aside the profits of the
firm, thus, it carries credit balance (since profits also carry
credit balance) and is shown on the Liabilities side of the Balance
Sheet,