Question

Write a short note on reserve

Answer 1

Answer:

A reserve is profits that have been appropriated for a particular purpose. Reserves are sometimes set up to purchase fixed assets, pay an expected legal settlement, pay bonuses, pay off debt, pay for repairs and maintenance, and so forth.

Explanation:

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Answer 2

Question:-

Write a short note on reserve

Answer:-

A reserve is profits that have been appropriated for a particular purpose. Reserves are sometimes set up to purchase fixed assets, pay an expected legal settlement, pay bonuses, pay off debt, pay for repairs and maintenance, and so forth.

Reserve resources are those resources which we know their use and how to use them but we have kept them for future use.

For example, USA has plenty of oil and gas reserves but it imports oil and gas and has kept its own reserves for future use.

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