Search answer for your unanswered questions.

Class : 11
Unit : Account


Briefly write the meaning of reserve?
Looks like you have not signed up yet. Please sign up now to view the answers without interruption.
Redirecting in 60 seconds...
Ans : Reserve is the part of profit separated by the business firm to meet the unknown liability and future loss. It is created when business has profit, in case of loss, it cannot be created.
    Did you find this answer useful?
   Then Register Now to view other answers easily.
Previous
Define suspense account.
Next
Give the meaning of provision with suitable examples?


Random topics

1.)What do you understand by capital subsidy? Who are eligible for such subsidy?
2.)Give the meaning of journal.
3.)What is General journal voucher?
4.)What is advance journal voucher?
5.)Define advance clearance journal voucher.
6.)What is miscellaneous journal voucher?
7.)Write the meaning of budget transfer.
8.)Write the meaning of bank cash book.
9.)Write the objectives of bank cash book.
10.)Mentioned any four importance of bank cash book.