what is meant by Reserves
Answers were Sorted based on User's Feedback
Answer / twinkle verma
Some portion of profit is set aside for future uncertanities this portion of profit is called reserve. There r 2 types of reserve- General Reserve and Sepecific Reserve.
| Is This Answer Correct ? | 1 Yes | 0 No |
How to calculate world GDP growth rate?
what is circuit filter?
expand--------ABCD
Expand CASA
Tangible & Intangible Assets? Is goodwill a Tangible or Intangible Asset? Goodwill is an intangible asset.
What is the relationship between, issued share capital, share premium and paid up capital?
• Where does closing stock appears in the trial balance?
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
How the sub ledgers(AP, AR) integrate with GL liability and receivable
wat is extended price??
Contra Entry: I have deposited some amount from company account kannur branch to H.O. bank account. both pnb. What will be the contra entry for this transaction?
what all are the items that comes under the personal account?