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What is the difference between general reserve and revenue reserve?
A reserve which is created out of the revenue profit is called revenue reserve. Revenue profit is earned in the normal course of the business. Revenue reserve refers to the undistributed revenue profit. It is created for strengthening the financial position, replacing deprecialble assets, redeeming liabilities, declaring uniform rate of dividend and conducting research and development functions. If the reserve is not needed in the future, it can be distributed as dividend to the shareholders.There are two types of revenue reserve:a) General ReserveA reserve which is created out of the profit not for a specific purpose is known as general reserve.General reserve is used for general purpose as per the discretion of the management. Usually, general reserve is used for strengthening the financial position and meeting future contingencies and losses.b) Specific ReserveA reserve which is created out of the profit for a particular purpose is known as specific reserve. Such reserve can not be utilized for any purpose other than specified. Specific reserve is created by debiting the profit and loss appropriation account. It can be invested in outside securities. It serves for a specific purpose as to equalize dividend or to redeem a fixed liability or to replace a fixed assets or to conduct a research and development work.The following are the important types of specific reserve:* Dividend equalization fund* Sinking fund* Research and development fund
How can you utilise the general reserve?
By providing dividend to share holder
What is difference between fund and reserve?
ok ok
What is the difference between reserves and surplus?
A reserve is a planned amount, a surplus is unplanned.
What is the value of a 1928 A Federal Reserve Note?
A denomination is needed. Please look for questions in the form "What is the value of a 1928 A US [denomination] dollar Federal Reserve Note?" for specific information.
What is the difference between to book and to reserve?
differentiate between reference materials and reserved books
Is General Reserve is Free Reserve?
No, a general reserve is not considered a free reserve. General reserves are created by setting aside a portion of profits for specific purposes, such as future contingencies or expansion, and are not typically available for distribution as dividends. Free reserves, on the other hand, refer to profits that are not earmarked for any specific use and can be distributed to shareholders.
What is the difference between general reserve and revenue reserve?
A reserve which is created out of the revenue profit is called revenue reserve. Revenue profit is earned in the normal course of the business. Revenue reserve refers to the undistributed revenue profit. It is created for strengthening the financial position, replacing deprecialble assets, redeeming liabilities, declaring uniform rate of dividend and conducting research and development functions. If the reserve is not needed in the future, it can be distributed as dividend to the shareholders.There are two types of revenue reserve:a) General ReserveA reserve which is created out of the profit not for a specific purpose is known as general reserve.General reserve is used for general purpose as per the discretion of the management. Usually, general reserve is used for strengthening the financial position and meeting future contingencies and losses.b) Specific ReserveA reserve which is created out of the profit for a particular purpose is known as specific reserve. Such reserve can not be utilized for any purpose other than specified. Specific reserve is created by debiting the profit and loss appropriation account. It can be invested in outside securities. It serves for a specific purpose as to equalize dividend or to redeem a fixed liability or to replace a fixed assets or to conduct a research and development work.The following are the important types of specific reserve:* Dividend equalization fund* Sinking fund* Research and development fund
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 shareholdersReserve Capital is the part of the Authorised capital which is not yet called up
How you can increase general reserve when your profit has also decreased?
how can we increase the general reserve
After redemption of debenture debenture reduption reserve where to transfer whether in PL Ac or in General reserve.?
After redemption of debentures, debenture redemption reserve is to be transferred to general reserve.
When was State General Reserve Fund created?
State General Reserve Fund was created in 1980.
Where do you post general reserve in balance sheet?
US Generally Accepted Accounting Principles do not allow for any general reserve in the balance sheet. Reserves are recorded only for specific assets that may have declined in value, such as accounts receivable or inventory.
What will be Journal entry for purchase of building from general reserve account?
General reserve account cannot be used for purchases of building as general reserve accounts is fixed for some limited kind of transactions like
Remain in reserve then turn into plasma cells when needed?
B cells can remain in reserve as memory cells until they encounter the specific antigen they were created to target. Once activated by this antigen, they can differentiate into plasma cells, which produce large amounts of antibodies to combat the infection. This process allows for a rapid and specific immune response upon re-exposure to the pathogen.
Why debenture redemption reserve is transfer to general reserve?
When debentures are redeemed payment is made from a reserve which is created at the time of purchase of such debentures,therefore at the time of payment first it is transferred to general reserve then as it is expenditure to company.
What is the difference between blue seam and red seam police in Jamaica?
In Jamaica, the blue seam and red seam police differentiate between two types of officers based on their roles. The blue seam refers to regular police officers engaged in general law enforcement duties, while the red seam typically represents specialized units, such as the Jamaica Constabulary Force's Mobile Reserve or other tactical teams. This distinction helps in identifying the officers' specific functions and areas of expertise within the police force.
