Waht is general Reserve
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Answer / dashrath maheshwari
general reserve: it is an appropriation of profit
role: general reserve is created in-order to meet the future
known and un-known liabilities.
| Is This Answer Correct ? | 22 Yes | 4 No |
Answer / rameshreddy
it is accumulatedp profits retained withcompany to meet
future obligations
| Is This Answer Correct ? | 7 Yes | 3 No |
Answer / kaushik. k. roy chowdhury
A retained earnings from a
company's profit's.
It is divided into-
a) Specific reserve- it
includes a reassignment of
dividends to shareholders.
b) General reserve- these
are saved to offset
potential future losses.
c) Legal reserve- it is
money set aside for
litigation or revaluation
purposes.
| Is This Answer Correct ? | 2 Yes | 1 No |
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