Question

what is reserve
class 10th geography​

Answer 1

Answer:

Reserve:-

• Reserve can be defined as the share of available profits that a firm decides to keep aside to meet unforeseen financial obligations.

Reserves in accounting are of 3 types –

1. Revenue reserve
2. Capital reserve
3. Specific reserve.

Answer 2

$\sf\large\tt\underline{\red{Answer :-}}$

A reserve is a retained earnings secured by a company to strengthen a company's financial position, clear debt & credits, buy fixed assets, company expansion, legal requirements, investment and other plans.Reserve funds do not have any legal restrictions so that the company can use it for any purpose