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 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
Waht is general Reserve
 Question Submitted By :: Satyaki_raju@yahoo.co.in
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Waht is general Reserve
Answer
# 1
general reserve: it is an appropriation of profit
role: general reserve is created in-order to meet the future
known and un-known liabilities.
 
Is This Answer Correct ?    1 Yes 0 No
Dashrath Maheshwari
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
IN PROFIT AND LOSS ACCOUNT WE MAY EITHER GET PROFIT OR LOSS.SO WHY IT IS PROFIT AND LOSS ACCOUNT INSTEAD OF PROFIT OR LOSS ACCOUNT ?  6
what is mean by credit note and debit note?  2
What is split shares..... FactSet2
When does services tax liability arise? Is the liability on the recipient or the payer? What is the general rate of ST applicable?  1
what is the difference beetwen trade discount and rebate & discount Chartered-Accountant2
What is rules of depricaition in company act.or IT act.  1
tax on raw material is direct expense or indirect expense  4
HOW TO EXPORT ANY LEDGER/VOUCHER IN TALLY IN EXCEL FORMAT. AND HOW CAN WE SEE THE SAME.  2
What are the 3 Basic Rules in Accounting. Franklin-Templeton55
Choose the right answer when cheque given to a creditor dishonour,we have to credit 1.Creditor 2.Bank 3.loss  1
Why do call p&la/cas a P&l a/c ?, why not P{or}L a/c Bank-Of-America10
What is Financial? Capital-IQ2
What is your principles and values in life Ernst-Young14
EXPAND___________ILO  3
Are service charges made on tenants' property rental to be regarded as incoming resources?  1
Name subsidiary books? IBM1
What is the difference between Cash Flow & Fund Flow  4
EXPAND______________IGNOU  1
discuss how accrual concepts and matching concepts are the same  2
Expand F D R  1
 
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