capital reserve and revenue reserve
Answer / manoj bhide
capital reserve is the retained capital earnings or
reserves created through capital invested and the revenue
reserve is the retained profit earnings of the firm.
Is This Answer Correct ? | 13 Yes | 8 No |
Tell me if the company wants to enhance thier business and incured the cost on other building (like Buliding Material, Iron and Others) so we will put it in to the expenses or i have to put it into the Fixed asset land and buildin by passing this entry Land and Building (Dr) Bank/Cash/Detors) (Cr) Thanks
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