What is the meaning of company status in allocated and reserved?
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In company status allocated basically means to distribute a cost or expense over two or more accounting periods or charge a cost to two or more departments, activities or products
Reserved generally means the amount kept by the insurer for the purpose of being able to cover all his or her debts. It may also refer to the specific amount earmarked by the company for a specific purpose.
Reserved generally means the amount kept by the insurer for the purpose of being able to cover all his or her debts. It may also refer to the specific amount earmarked by the company for a specific purpose.
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