DIFFERNCE BETWEEN RESERVE AND FUND?
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reserve-
is an amount put separate as reserve from general profits
every year for future problems.
fund-
it is also amount, put for specific purpose only.examples
for bad debts provision, depreciation fund, sinking fund
like that etc.
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Answer / vikas gupta
Reserve: It is the sum of amount that is created out of
profits gained from the current year for the UNKNOWN NATURE
of losses e.g. Reserve & Surplus.
Fund: It is the sum of amount that is created for the KNOWN
NATURE of losses e.g. provision for bad and doubtful debts,
depreciation fund etc.
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Answer / Prateek Keshari
Reserve and Fund are two different financial terms. A Reserve is a set aside amount of money kept for specific purposes, such as Contingency Reserves (for unforeseen expenses), Debt Service Reserves (to cover future interest payments), or Capital Reserves (to maintain the company's capital). A Fund, on the other hand, is a collective investment vehicle that pools money from various investors to invest in a diversified portfolio of assets.
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