What is Reserve & Surplus? Plz give me with some Example.
Answer Posted / khushi kabra
Reserves and surplus are mainted for future uncertainites by business . Eg: WACF (workmen accident compensation fund), BDR(bad debt reserve),depreciation reserve,p/l credit Etc.
Is This Answer Correct ? | 16 Yes | 10 No |
Post New Answer View All Answers
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)
What are the features of financial accounting?
What is fair value accounting definition?
In which ways is math used in accounting
Hey can any body tell me..What are negative assets?
Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me
What is the difference of cost accounting and financial accounting?
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
Explain what is involved in the process of double-entry accounting?
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
what is accounting cycle ?
If closing stock is given in adjustments, how we show in tally 9.0 ?
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.
discuss seperate determination concept