Identify the type of reserve which is generally used for specific purposes like long-term...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Identify the type of reserve which is generally used for specific purposes like long-term projects, writing off capital losses, or any other long-term contingencies in the business from the following:
a.
Revenue reserve
b.
Capital reserve
c.
General reserve
d.
Retained earnings
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
