Question

distinguish between general reserve and reserve fund​

Answer 1

Answer:

The portion of profit that is kept in the business to increase working capital and to strengthen the financial position of the business is known as reserve. In many cases the amount of reserve is invested out side the business in government papers or in gilt-edged securities, then it is known as reserve fund

Answer 2

Answer:

Hey mate!! here's your answer

The portion of profit that is kept in the business to increase working capital and to strengthen the financial position of the business is known as reserve. In many cases the amount of reserve is invested out side the business in government papers or in gilt-edged securities, then it is known as reserve fund.

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