What is the difference between potential resources and reserves??
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PONENTISL RESOURCES =
Definition. A type of natural resource that exists in a region and may be used in the future (in contrast to actual resource). Supplement. For example petroleum in India is and will be a potential resource as long as it has not been used yet or accessed for use.
RESERVES =
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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