Question

Difference between the General researve and capital researve​

Answer 1

Answer:

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Explanation:

General reserve is an appropriation of profits that is created without any specific purpose for meeting general future finance needs of the entity. Capital reserve is an accumulation of profits generated from capital transactions that can be utilized for financing capital purposes.

Answer 2

Answer:

• General reserve is an appropriation of profits that is created without any specific purpose for meeting general future finance needs of the entity.

• Capital reserve is an accumulation of profits generated from capital transactions that can be utilized for financing capital purposes.