Give the short note on reserves?
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A reserve is profits that have been appropriated for a particular purpose. Reserves are sometimes set up to purchase fixed assets, pay an expected legal settlement, pay bonuses, pay off debt, pay for repairs and maintenance, and so forth.
Actually, in addition to the capital contributed by the proprietor, the amount set aside from the profits or surpluses to reserves belongs to the proprietor, which will help the business during difficult financial period. It is an appropriation of profits and not charged on the profits. This means that in the case of loss, reserves cannot be created. Reserves help in strengthening the financial position of the business enterprise.
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PLZ MARK AS BRAINLIEST
The United States Army Reserve is the reserve force of the United States Army. Together, the Army Reserve and the Army National Guard constitute the Army element of the Reserve components of the United States Armed Forces.