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What is reserves

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What is reserves..

Answer / navin kumar

A reserve is profits that have been appropriated for a particular purpose. Reserves are sometimes set up to purchase fixed assets, pay an expected legal settlement, pay bonuses, pay off debt, pay for repairs and maintenance, and so forth.

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What is reserves..

Answer / raghuvstar@gmail.com

from profit some amount will transfer to Reserve account to meet the future sudden events

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