Question

Which of the following items do not come under reserves & surplus

Answer 1

Answer:

sinking fund. provident fund. capital redemption reserve rutujathite22 is waiting for your help.

hope it helps:)

Answer 2

Short-term provisions do not become part of reserves and surplus.

Explanation:

• Reserve and surplus are a part of the profit is set aside by the owners of the company, which is usually known as retained earnings.
• The profit remained after the payment of interest, tax, and dividend given to preference shareholders, the profit remained is left for the shareholders of the company.
• After giving the share of dividend to the shareholders, the remaining profit is set aside as retained earnings which will be shown under the heading reserve and surplus.
• examples of reserve and surplus are capital reserve, CRR, general reserve, dividend reserve, etc.

• But short-term provisions are made by the company for future loss.

The above question is incomplete, so the given answer to the above question is based on the close assumption.