Answer Posted / mohan verma
capital which is unreserved and can laid off any time is
called reserve capital.
# note : the meaning of the word reserve is bit
contradictory with its meaning ...
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
what is the relationship between bookkeeping and accounting?
What is the disadvantage of double entry system?
while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies
What is mis report , how to prepare mis report for general ledger?
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?
Explain the concept of responsibility accounting
What are the different fields of accounting?
we have registered to MCCIA(Maratta Chember of Commerce Ind & Agri.).They given a Tax Invoice against this registration with charging service tax@10.3%.can we take credit of this service charge ?
Explain what are the accounting events that are frequently involved in compound entries?
Who is debtor purchaser
Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?
Tell us did you use accounting applications at your previous companies or prefer working manually?
Company ABC split 1:3 on March 31, 2009 and split 3:1 on March 31, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 3000 $75.00 April 23, 2009 $72.00 2300 $72.00 March 31, 2009 $67.00 999 $ March 31, 2008 $275.00 300 $91.66 November 30, 2007 $233.00 6800 $77.66 October 6, 2006 $1,333.00 13000 $444.33
what is groups and and ledgers in tally can you give why we need to prepare them
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?