Social Sciences, asked by pearlprincess48, 9 months ago

what is reserve ans in short乂❤‿❤乂

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Answered by PrincessTeja

Answer:

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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