reservie
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2011
what is the diff between general reserve and reserve&surplus
05 March 2011
General Reserve - It is a reserve created by transferring certain amount of undistributed profit for funding expansion, acquisition, paying dividends, discharging of liabilities, writing off extraordinary and/or contingent losses ,buyback and/or redemption of securities.
Reserve & Surplus - This is a main head that comes in Liab. side where all the Reserves like CRR, Revaluation Reserve, P&L A/c comes.
Reserve & Surplus - This is a main head that comes in Liab. side where all the Reserves like CRR, Revaluation Reserve, P&L A/c comes.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
06 March 2011
DEAR SIR
Reserve & Surplus WE WILL CREATE UNDER WHICH HEAD (CURR LIAB OR EQUITY)
Reserve & Surplus WE WILL CREATE UNDER WHICH HEAD (CURR LIAB OR EQUITY)
06 March 2011
It comes under shareholders fund in Sources of funds in Vertical form of B/s.
But as per Schedule VI the following heads are there in Liab. side:-
(i) Share Capital
(ii) Reserve & surplus
(iii) Secured Loans
(iv) Unsecured Loans
(v) Current Liab. & Provisions
(vi) P&L A/c
But as per Schedule VI the following heads are there in Liab. side:-
(i) Share Capital
(ii) Reserve & surplus
(iii) Secured Loans
(iv) Unsecured Loans
(v) Current Liab. & Provisions
(vi) P&L A/c
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