vinayak c. chavan (CPT passed) (1011 Points)
09 January 2012Which types of reserves are their in Accounting? Which reserves are called as FREE RESERVES?
Keval Ponkiya
(CA CS MBA(Fin.) M.Com. L.L.B.)
(223 Points)
Replied 09 January 2012
Vinayak G,
There are two types of Reserve !!!
1. is general reserve which is not for specific purpose
2. is special reserve which for specific purpose
so reserve or general reserve which is not for any specific purpose then they are called free reserve.
ok boss !!!
CAclubindia
