what is meant by reserve ?
pramee:
retain for future use
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h!!! here is your ans ....
reserve is an amount set aside of profit . it is an appropriation of profit .
reserve is an amount set aside of profit . it is an appropriation of profit .
hope its help ....
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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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Here is ur answer !!❤❤
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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.
____________________________________________________
Hope this will help you
Please mark as brilliant !!❤❤
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