Waht is general Reserve

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

in what form is crr kept in RBI?

2009


What is the quality of the accountant & rights ? hansika.kk@gmail.com

2600


How shall I calculate the true profit of my business, as I am a layman for accounting.

1545


Received an order from Babu for the supply of goods Rs.200/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1459


what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?

4115






Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question

1694


What Settlement details are required on the delivery instruction slip?

4344


Example for extra ordinary expenditure?

2231


What is the use of final account?

1389


i have completed my MBA with finace background. am intrested to learn oracle finace.can you suggest me which are good instittues in hyderabad.at area wise.

1718


What type of questions in accouting point of respect they ask genrally plz help me find out this.

1584


define bank Draft

1820


Expand-------ANTS

1512


Expand CASA

1621


an amount deducted from the catalog price for an item of merchandise is called?

14274