(b) What do you mean by Specific Reserve?
Answers
Answered by
1
Answer:
i dont know the meaning of specific reserve
Answered by
3
Answer:
Specific reserves: unsurprisingly, specific reserves are set aside for a specific purpose and cannot be used for any other reason. Specific reserves are sometimes known as special reserves. For example, a bad debt reserve is an amount set aside in case a customer fails to pay.
Similar questions