Business Studies, asked by saingurpuiisailo1, 4 months ago

example of general reserve and specific reserve

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Answered by Anonymous

10

Answer:

General reserve is crated not for a specific purpose. ... Specific Reserve: 1.It is created for some specific purpose. For example, debenture sinking fund is created for the purpose of repaying loan on account of debenture.2.It can be utilized only for the purpose for which it has been created.

Answered by memonayesha298

3

Answer:

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