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.
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
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