Question

plz define the term reserves .
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Answer 1

Answer:

Reserves – also known as retained earnings – are portions of a business's profits which have been set aside to strengthen the business's financial position. ... Reserves are often used to purchase fixed assets; to repay debts; or to fund expansions, bonuses, and dividend repayments.

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Answer 2

Answer:

Reserves – also known as retained earnings – are portions of a business's profits which have been set aside to strengthen the business's financial position. ... Reserves are often used to purchase fixed assets; to repay debts; or to fund expansions, bonuses, and dividend repayments.

Explanation:

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