Business Studies, asked by saingurpuiisailo1, 7 months ago

difference between general reserve and specific reserve from the viewpoint of bank

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Answered by yashpatil12381

1

Answer:

Reserve created not for any specific and earmarked purpose is known as general reserve. 2. General reserve is created to meet some future contingencies and for strengthening financial position of a business concern. ... In case of need, general reserve can be utilized for paying dividend.

Answered by Anonymous

11

Answer:

Reserve created not for any specific and earmarked purpose is known as general reserve. 2. General reserve is created to meet some future contingencies and for strengthening financial position of a business concern. ... In case of need, general reserve can be utilized for paying dividend.

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