Accountancy, asked by venuNaidu9034, 1 year ago

What do you understand by general reserve mentioned 2 objects in account?

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Answers

Answered by cutiealeeza132

Hyy dear
General reserve is that reserve which partners create form is profit..
A general reserve is a reserve, which is created by appropriation of profits.
It is created without any specific or particular purpose
Hope it will help you..

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