Poonawalla fincorp
Poonawalla fincorp

General Reserve

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(Querist)
21 October 2008 When a company makes a profit they park the amount in general reserve what if subsequent year company makes a loss what happens to general reserve of previous year
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
21 October 2008 The loss gets adjusted against the reserves.

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