what is a reserves and example
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what is a reserves and example
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Answer:
Revenue reserves are divided into two types & each is kept aside for appropriation for profits. ... Examples of such reserves include Dividend Equalization Reserve, Debenture Redemption Reserves, Contingency Reserves, Capital Redemption Reserves and more.
Explanation:
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Answer:
Revenue reserves are divided into two types & each is kept aside for appropriation for profits. ... Examples of such reserves include Dividend Equalization Reserve, Debenture Redemption Reserves, Contingency Reserves, Capital Redemption Reserves and more.
Explanation:
Few examples of capital reserves are:
•Cash received by selling current assets.
•Premium earned on the issue of share and
debentures.
•Excess on revaluation of assets and liabilities.