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Answer Posted / 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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outstanding expenses, prepaid or unexpired expenses
