Waht is general Reserve

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Waht is general Reserve..

Answer / dashrath maheshwari

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 ?    22 Yes 4 No

Waht is general Reserve..

Answer / rameshreddy

it is accumulatedp profits retained withcompany to meet
future obligations

Is This Answer Correct ?    7 Yes 3 No

Waht is general Reserve..

Answer / kaushik. k. roy chowdhury

A retained earnings from a
company's profit's.
It is divided into-
a) Specific reserve- it
includes a reassignment of
dividends to shareholders.
b) General reserve- these
are saved to offset
potential future losses.
c) Legal reserve- it is
money set aside for
litigation or revaluation
purposes.

Is This Answer Correct ?    2 Yes 1 No

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