What is Reserve & Surplus? Plz give me with some Example.

Answer Posted / ravichandra

Reserves& surplus, it is an appropriation profit. Reserves created increase the proprieties funds. it is created for future loss.

Is This Answer Correct ?    20 Yes 33 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

WHAT ARE THE DIFFICULT ELEMENT OFF JOB

1632


If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details

948


What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?

1112


is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power

1197


what is one way , two way matching , three way , four way matching ?

1401






Tell me the types of accounts involved in double entry book-keeping?

636


what is cost center & cost categories in tally

1869


Define "book value" as applied to accounting

593


purchase return liability or asset?should it be included in the balanced sheet?

1066


What do you mean by Bill of Exchnage.How to manage ? Explain

1509


if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.

1228


Explain me your current/former role, your responsibilities, and how success is/was measured?

589


for giving the salary in terms of cash to an employee for what minimum amount revenue stamp is reqired to paste the vouceher? up to what limited revenue stamp is required?

2707


what is tribal area allowance means

2719


on what rate depreciation will be calculated?

1713