It's an accounting question. PLEASE! Proper answers.
2006-08-20 00:31:55 · 4 answers · asked by Magical luv 1 in Education & Reference ➔ Homework Help
(a) Revenue Reserves – are reserves created out of revenue profits of the business .It can be divided into.
(i) Specific Reserves –Reserves created for specific purposes E.g. Dividend equalisation Reserve (For maintaining equilibrium in dividend) Debenture Redemption Reserve. (Created for redemption of Debenture) etc.
2006-08-20 00:42:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Reserves represented by retention of profits. Sometimes, labelled profit & loss account on the Balance Sheet.
2006-08-20 07:54:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I'm guessing it's like personal savings, but on a bigger scale......like county, state or national. Try googling?
I know revenue means income....and reserves speaks for itself....hope this helps.
2006-08-20 07:36:58 · answer #3 · answered by lou b 6 · 0⤊ 0⤋
Income coming from government, from businesses, personal income, taxes and total returns products by investment.
2006-08-20 07:42:07 · answer #4 · answered by alexcruz56 2 · 0⤊ 0⤋