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What is Reserve & Surplus? Plz give me with some Example.
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Answer Posted / omkannan
Reserves & Surplus means some portion of amount has to be taken from Profit & loss account in order to meet sudden losses due to natural calamities or to pay bonus to the share holders when funds are in sufficient.
Surplus means excess money or income over the expenditure
| Is This Answer Correct ? | 13 Yes | 4 No |
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