Interested to Buy Any Domain ? << Click Here >> for more details...
what is difference between capital reserve n reserve capital?
- 3 Answers
- 5555 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / babhu kanchupalli
Capital reserve is prepared by the capital income......
Ex: profit on sale of fixed assets etc.
Some amount kept aside from capital to face future contingencies is called Reserve capital........
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bindiya kushwaha
Difference Between Capital Reserve and Reserve Capital. ... A portion of profit set aside that can be used for specific purposes only is known as Capital Reserve. Reserve Capital is that form of uncalled share capital that can be called up by the company only in the event of the liquidation of the company.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sandeep.
Capital reserve is not built out of regular business, or
operaating business.. for ex:: profit by sale of fixed asset
or revaluation these will be capital profit.
capital reserve is, a part of capital will kept as reserve, it
will be called at a certain time or happening of a cretain
event. for ex 5 rs. face value shares, company will call for
only 3 rs.. 2 rs. will be kept as reserve capital.
thanks,
| Is This Answer Correct ? | 0 Yes | 3 No |
What is the bank reconciliation and simple explanation of BRS.
is surcharge diffrent from vat or surcharge is refundable or not
What is liabilities and what all does include in current liabilities?
as per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary
in bank statement what is the tras date? and value date? what is the difference?
prepare theree column cash book from the following details on 3/2/06 1 balance (in hand) in the beginning 25,000. 2 recived chaque from x worth 5,000 3 deposited the same cheque into bank on next day 4 deposited 5000 into bank 5 withdrew 1,000 for personal use
Manoj & Mahavir joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Manoj 90000 Withdrawals of Mahavir 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
How to create report of t code f-02 in SAP FI?
what is debit note & credit note?
What is fair value accounting?
What is a Green Shoe Option?
Audit 
