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No, a reserve and surplus are not considered current liabilities. Instead, they are part of shareholders' equity on a company's balance sheet. Reserves are typically funds set aside for specific purposes, while surplus refers to the retained earnings that exceed the initial capital contributed by shareholders. Current liabilities, on the other hand, are obligations the company expects to settle within one year.
What else can I help you with?
What is the largest liability of the federal reserve system?
It is either Federal Reserve notes or U.S. Treasury deposits/other deposits
What is customer surplus and producer surplus?
Consumer surplus is the difference between the maximum amount a person is willing to pay for a good and its current market price. Producer surplus is the difference between the current market price and the full cost of production for the firm.
What is the formula for current ratio?
current ratio = current asset divided by current liability
Why is a current account surplus equivalent to foreign investment?
A country where income is greater than spending, has saving greater than investment, and a current account surplus. The excess of income over spending must be balanced by foreign investment, so there will be a financial account deficit to match the current account surplus.
What is current cash reserve ratio?
The current cash reserve ratio (CRR) in India set by the RBI is 5% as on 21st august, 2009.
Why is reserves and surplus a part of liabilities?
reserves and surplus are shown into liability side of the financial statiment, since reserve is the money set aside from the capital for future use hence defining surplus as a debit in the business thus attributing to its liabiltiness,
What is the difference between revaluation Surplus and revaluation Reserve?
Fundamentally, a revaluation surplus and a revaluation reserve is the same. A revaluation reserve is a revaluation surplus obtained from evaluation.
What are reserves and surplus in finance?
What is reserve & surplus in accounts
What is the entry for reserves and surplus?
entries for Reserve & surplus
What is the difference between reserves and surplus?
A reserve is a planned amount, a surplus is unplanned.
Is a current liability General reserve?
No, a general reserve is not classified as a current liability. Instead, it is part of the equity section of a company's balance sheet, representing retained earnings set aside for specific purposes. Current liabilities, on the other hand, include obligations that are expected to be settled within one year, such as accounts payable and short-term loans.
Is provision for taxation a current liabilities?
Basically it is a reserve however it should be carried as a liability on the books until paid then espense it however if the Co is for Sale You may show it as a reserve asset due to the fact that the full liability may never be incurred
Is liability for withholding taxes a current or non current liability?
current liability
What is another words to excess or reserve?
surplus and cache
Are lease provisions a current liability or non current liability?
Non-current liability, all provisions are non current.
Is reserve an asset or liability?
It's an asset.
Is a Reserve account an asset or liability?
It is assets
