Interest of rs 15000 on resarve fund investment add in
Answers
Answered by
0
interest of ra 14000 ob tracer find investment add in
Answered by
0
Answer:
Interest of Rs. 15000 on reserve fund investment is added to the investment fund reserve itself.
Explanation:
Reserve fund investment is of capital nature. It is set out for a specific purpose out of the extra profits available.
The interest earned is generally added back to the investment itself.
Interest is reinvested in the same fund itself.
The balance for next year will be investment received during the year plus interest accumulated on the reserve fund.
Similar questions