What is Reserve & Surplus? Plz give me with some Example.
Answer Posted / khushi kabra
Reserves and surplus are mainted for future uncertainites by business . Eg: WACF (workmen accident compensation fund), BDR(bad debt reserve),depreciation reserve,p/l credit Etc.
| Is This Answer Correct ? | 16 Yes | 10 No |
Post New Answer View All Answers
What methods do you use to discover sales opportunities?
Under the accrual basis of accounting, when revenues are reported in the accounting period?
say something about your school
Define scrap value in accounting?
what is the amount withdrawlfrom other cbs branch by multicity chequ book.
Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??
How new/innavtive assets are to be treated under IFRS?
What are the objects of cost accountancy?
Explain the types of ledger?
what is the meaning of banking
What is the entry for provision?
What do you think is a bank reconciliation statement?
Do you know public accounting?
Please provide me the entire format of P.F. & ESI
Sold goods to Gasha 600 by cash