Social Sciences, asked by rajsingh00000singh, 3 months ago

what are 'reserves' ?

Answers

Answered by erasara08

Answer:

Reserve

Explanation:

In financial accounting, "reserve" always has a credit balance and can refer to a part of shareholders' equity, a liability for estimated claims, or contra-asset for uncollectible accounts. A reserve can appear in any part of shareholders' equity except for contributed or basic share capital.

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