what is the reserve capital
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Answer / rbm
reserve is a restricted amount of capital entitled to any
future purchase of asset or for future use of the company.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / diksha
reserve capital is the uncalled up capital. suppose a
company issued shares of 10 each n called up Rs 8 then 2
rupees is reserve capital as it is uncalled capital.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / alok
capital which can be save or reserved for emerigency for
future use of the company. It mostly save the company for
being bankrupt.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / chirag jain
reserve capital is the nominal portion of authorized capital of company and it was used at the time of liquidation of company for the payment of outside liability and also for share holders liability.
| Is This Answer Correct ? | 0 Yes | 0 No |
DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com
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