1.

Is reserve a charge against profit or an appropriation of profit? Discuss.​

Answer»

ANSWER:

Reserves are the amounts set aside out of profits. ... It is an APPROPRIATION of profits which are used for the distribution of DIVIDENDS or for meeting the contingent liabilities.

Explanation:

I hope this helps you

please GIVE brainliest for my answer and FOLLOW me



Discussion

No Comment Found

Related InterviewSolutions