Saved Bookmarks
| 1. |
Explain 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. |
|