Define Reserves And Surpluses?

1.	Define Reserves And Surpluses?
Answer» Reserves and Surpluses indicate that portion of the EARNINGS, receipt or other surplus of the company appropriated by the MANAGEMENT for a general or specific purpose other than provisions for depreciation or for a KNOWN liability. Reserves are classified as: CAPITAL Reserve and Capital Redemption Reserve. Reserves and Surpluses indicate that portion of the earnings, receipt or other surplus of the company appropriated by the management for a general or specific purpose other than provisions for depreciation or for a known liability. Reserves are classified as: Capital Reserve and Capital Redemption Reserve.

Answer»

Reserves and Surpluses indicate that portion of the EARNINGS, receipt or other surplus of the company appropriated by the MANAGEMENT for a general or specific purpose other than provisions for depreciation or for a KNOWN liability. Reserves are classified as: CAPITAL Reserve and Capital Redemption Reserve.

Reserves and Surpluses indicate that portion of the earnings, receipt or other surplus of the company appropriated by the management for a general or specific purpose other than provisions for depreciation or for a known liability. Reserves are classified as: Capital Reserve and Capital Redemption Reserve.

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