Question

which type of balance general reserve account has.?​

Answer 1

Answer:

General reserve account is which type of account personal or nominal. 03 June 2015 It is real account not nominal accounts. Cash, accounts receivable, accounts payable, notes payable, owner's equity and all reserves are all real accounts that are found on the balance sheet.

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Answer 2

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.

Explanation:

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