use of reserve

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swati (Querist)
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31 July 2008 when we have two types of reserves that we can use freely for any purpose,of having capital & revenue nature then which type of reserve (capital or revenue)we should use first fully & why ?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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01 August 2008 There is no such statutory requirement

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use of reserve

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