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.
Transfer to general reserve refers to the allocation of a portion of a company's profits to its general reserve account, which is part of its retained earnings. This transfer is typically made to strengthen the company's financial position, enhance liquidity, or prepare for future investments and contingencies. By setting aside funds in the general reserve, a company can ensure it has resources available for unexpected expenses or opportunities, while also signaling financial stability to investors and stakeholders.
General MacArthur had promised that he would return and free the Philippines.
yes
Reserve trenches
General George McClellan's mistake in the Battle of Antietam was hesitating and not acting decisively enough to take advantage of his manpower. He held back far too many troops in reserve that he did not use. Technically the battle was a draw. Historians conclude he should have been able to deal a much heavier blow to Confederate forces.
capital reserve is not a free reserve
how can we increase the general reserve
no
differentiate between general and specific reserve?
After redemption of debentures, debenture redemption reserve is to be transferred to general reserve.
State General Reserve Fund was created in 1980.
Investment deportation reserve not considered as free reserve
General reserve account cannot be used for purchases of building as general reserve accounts is fixed for some limited kind of transactions like
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.
Revenue reserve is created out of revenue Profit . It is created out of Revenue Profit for exaple General Reserve, Dividend equalization reserve, Investment fluctuation reserve etc.
debit reserve accountcredit cash / bank
capital