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What is Reserv & surplus generally used in Balance sheet.

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What is Reserv & surplus generally used in Balance sheet...

Answer / ashok kumar parida

Reserve means some portion of amounts of profit is kept for
imprroving or emergency.
surplus means profit.
Reserve & surplus generally used in Asset side of Balance
sheet.

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What is Reserv & surplus generally used in Balance sheet...

Answer / madhavi

profit of current year b/d from p&la/c & any other reserves

Is This Answer Correct ?    2 Yes 2 No

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