A sum set aside out of the net divisible profits and retained in order to provide for unexpected or unknown future losses or to strengthen the financial position of the business. What we are talking about Reserve or Provision? B. There was a loss of 370,000 in a business. Is it possible to create Reserve when there is loss? C. ABC Ltd. shows a Reserve of 1,50,000 in the Balance Sheet. Is it possible to invest this Reserve outside the business?
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520000 yes
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A sum set aside out of the net divisible profits and retained in order to provide for unexpected or unknown future losses or to strengthen the financial position of the business. What we are talking about Reserve or Provision? B. There was a loss of 370,000 in a business. Is it possible to create Reserve when there is loss? C. ABC Ltd. shows a Reserve of 1,50,000 in the Balance Sheet. Is it possible to invest this Reserve outside the business?
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