Waht is general Reserve
Answers were Sorted based on User's Feedback
Answer / dashrath maheshwari
general reserve: it is an appropriation of profit
role: general reserve is created in-order to meet the future
known and un-known liabilities.
Is This Answer Correct ? | 22 Yes | 4 No |
Answer / rameshreddy
it is accumulatedp profits retained withcompany to meet
future obligations
Is This Answer Correct ? | 7 Yes | 3 No |
Answer / kaushik. k. roy chowdhury
A retained earnings from a
company's profit's.
It is divided into-
a) Specific reserve- it
includes a reassignment of
dividends to shareholders.
b) General reserve- these
are saved to offset
potential future losses.
c) Legal reserve- it is
money set aside for
litigation or revaluation
purposes.
Is This Answer Correct ? | 2 Yes | 1 No |
types of the capital market?
What is Meaning Of accounting Function , Fund Management, Equities, Mutual Funds, Fixed Income Secrities, Derivative, Accounts of Trade, Share Holder Transaction,Knowledge on Using bloombag?
Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
Why we Add the net profit in the balance sheet ? Why we shows profit in the liability side of the balance sheet?
EXPAND_________VIT
what is interest on drawings
explain different reporting methods of tally.
I am going to attend an interview for the post of Accounts Officer in NCMSL Co.(procurement co.),So pls help me for the interview.
write about an e-mail to manager seeking permission for leave
what is the difference between cost centre and bussiness centre?
what diffrance between tally software and busy software?
what journel entry we need to pass if we get an interest from bank