CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Recording Reserves

Write the wor...

Question

Write the word/term/pharse which can substitute each of the following statement :

The Reserves created for specific purpose.

Open in App

Solution

The Reserves created for specific purpose- Specific Reserve

Explanation:
The specific reserves are created out of the revenue profits of a business for fulfilling specific purposes of the business. These reserves cannot be utilised for the purposes other than specified purposes for which they were created. For example: Dividend Equalisation Reserve, Reserve for Replacement of Asset etc.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Write the word/term/pharse which can substitute each of the following statement :

The Reserves created out of capital profits.

Q. Write one Word / Term / Phrase for each of the following statement.

A fund created out of a specific amount earmarked, gifted, or donated and the income of this fund is to be used for a specific purpose.

Q. Write the word / term / phrase which can substitute each of the following Statements.

A statement similar to Balance Sheet.

Q. Write a word or a phrase or a term which can substitute each one of the following.

An artificial person created by law.

Q. Write one word/term/phrase which can substitute each of the following

The debentures where no charge is created on the assets of company.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Provisions and Reserves

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Recording Reserves

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon