Geography, asked by geetanishad988, 7 hours ago

write in detail about reserves?

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Answered by mrgoodb62

2

Answer:

Reserves are mostly created to improve the financial standing of an organisation. They are also popularly known as the ploughing back of profits. Notably, they are created to meet an unforeseen financial obligation, or expansion purpose. Funds for expansion, general reserve, dividend equalisation reserve, etc.

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