Accountancy, asked by souvikhati312, 4 days ago

. State any three characteristics of 'Specific Reserve'.

Answers

Answered by deekshakhveda58

0

Answer:

Specific Reserves: These are those which created for some specific purpose and can be used only for those specific purposes. Examples include investment fluctuation reserves, debenture redemption reserves, etc. Revenue and Capital Reserves: This classification is done according to the nature of profits.

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