Accountancy, asked by aayanmansoori135, 6 months ago

explain un brief the importance of reserve​

Answers

Answered by Anonymous
16

Answer:

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.

Answered by rashidkhna73
11

Answer:

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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