Reserve
This query is : Resolved
Ravi Jhamb
(Querist)
17 January 2011
Difference between General Reserve and Capital Reserve
17 January 2011
capital reserve is created , while revaluation of assets.
General reserve is appropriation of profit as per compnaies act provisions.
General reserve is appropriation of profit as per compnaies act provisions.
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CA. Praveen Narayan
(Expert)
17 January 2011
Capital Reserve:-
Capital reserve is a reserve created to deal with general, unspecified contingencies. It is a fund set aside for the specific purpose and can not be distributed for other uses. Normally it is legally not distributable as dividends to shareholders..
General Reserve :-
It is an appropriation of profit. and it is available for distribution as dividend..
Capital Reserve:-
Capital reserve is a reserve created to deal with general, unspecified contingencies. It is a fund set aside for the specific purpose and can not be distributed for other uses. Normally it is legally not distributable as dividends to shareholders..
General Reserve :-
It is an appropriation of profit. and it is available for distribution as dividend..
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