What is Reserve & Surplus? Plz give me with some Example.
- 10 Answers
- 185622 Views
- Bank Of India, Genpact, iGate, I also Faced
- E-Mail Answers
Answer Posted / omkannan
Reserves & Surplus means some portion of amount has to be taken from Profit & loss account in order to meet sudden losses due to natural calamities or to pay bonus to the share holders when funds are in sufficient.
Surplus means excess money or income over the expenditure
| Is This Answer Correct ? | 13 Yes | 4 No |
Post New Answer View All Answers
Explain financial accounting.
Why did you select accounting as your profession?
sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .
Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs
Explain what makes a successful account manager?
My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.
Hello Sir, My Name is Shoaib, I am Novice in Accounting Field. I want to learn the simple & step by step, procedure to final my company account. Please Help
what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?
Accounting transactions are recorded in accordance with thier legal form or substance. Briefly explain the legal form and substance of the accounting transactions and give one relevant example.
What was your average accounts receivable days outstanding/days sales outstanding?
which report give the data of GL with materials details in sap?
If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details
What are the effects when intangibles and tangible assests decrease
Can i put opening stock in new company during closing time
Tell us what is a cpa?
