explain un brief the importance of reserve
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Reserves help in strengthening the financial position of the business enterprise. They are not created to meet any liabilities, contingencies or commitments. It is important to mention here that the business cannot create reserves in anticipation of some losses; however, in case of loss, reserves can be utilized.
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reserve helps in strengthening the financial position of business Enterprises. they are not created to meet any liabilities, contingenics or commitment
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