Accountancy, asked by anasking6565, 8 months ago

5. Reserves are shown in of balance sheet.

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Answered by meherma6017

2

Balance sheet reserves are liabilities that appear on the balance sheet. The reserves are funds set aside to pay future obligations. The balance sheet reserves of insurance companies are regulated so that these companies have sufficient reserves to pay client claims.

Answered by PHarpreet2288

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