Asked in BankingMutual FundsThe Difference Between
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Mutual Funds
The Difference Between
What is the difference between reserve and fund?
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Related Questions
Asked in Personal Finance, Business Accounting and Bookkeeping, Companies, Financial Statements
What is the difference between capital reserve and reserve capital?

Capital reserve is a reserve created to deal with
general, unspecified contingencies such as inflation. It is a fund
set aside for the specific purpose and can not be distributed for
other uses. Normally it is legally not distributable as dividends
to shareholders
Reserve Capital is the part of the Authorised capital
which is not yet called up
Asked in Mutual Funds
What is the difference between provident fund and pension fund?

The difference between a pension fund and provident fund is in
how the benefits are paid out. A provident fund pays all he
retirement benefits in a lump sum cash benefit at retirement. A
pension fund pays one third of the benefit as a lump sum at
retirement and the rest is paid out over the lifetime of the
beneficiary.
Asked in The Difference Between
Difference between general and specific reserves?

Both general and specific reserves are created out of profit
earned in the normal course of business. Yet the following
differences are observed between general and specific reserve.
General Reserve:.
1.
General reserve is crated not for a specific purpose. It is
created to strengthen the financial position of the business
2.
It can be utilized for any purpose.
3.
Dividend can be paid out of it if needed.
Specific Reserve:
1.
It is created for some specific purpose. For example, debenture
sinking fund is created for the purpose of repaying loan on account
of debenture.
2.
It can be utilized only for the purpose for which it has been
created. It cannot be utilized for other purposes.
3.
Dividend cannot be paid out of it. But on fulfillment of the
objective for which a fund has been created the fund will no longer
be required, when dividend may be paid out of it.
For example, on repayment of loan on account of debenture the
debenture sinking fund is not required. Then it is transferred to
general reserve fund. In other words the fund money is
distributable as dividend.