Why Reserves and Surplus are shown on the liabilities side of
the balance sheet.? justify your answer.
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Answer Posted / imran
reserves and surplus are shown into liability side of the
financial statiment, since reserve is the money set aside
from the capital for future use hence defining surplus as a
debit in the business thus attributing to its liabiltiness,
| Is This Answer Correct ? | 24 Yes | 14 No |
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