CBSE BOARD XII, asked by raunakagarwalasn, 11 months ago

Give some examples of General Reserve and Specific Reserve?

Answers

Answered by Brainlyusers

1

Answer:

1. It is created for some specific porpose. For eg: 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.

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