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What is Reserve & Surplus? Plz give me with some Example.
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Answer Posted / rahul kumar
reserve means cetrain amount taken from the profit and loss
account to meet the sudden losses due natural calamities or
to pay the premimum to the shareholders when profits are
insufficient
The excess of income over expenditure is konown as
surplus
| Is This Answer Correct ? | 194 Yes | 34 No |
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