Question

Proper Meaning of General Reserve ​

Answer 1

Explanation:

general reserve is a reserve, which is created by appropriation of profits

Answer 2

Answer:

A general reserve is a reserve, which is created by appropriation of profits. ... The aim of creating a general reserve is to provide additional working capital or to strengthen the cash resources of the business, out of profits of the company, from Profit and Loss Appropriation Account.

Explanation:

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