Reserves & Surplus
This query is : Resolved
26 September 2010
Dear Sir ,
Could anybody please explain about what is Reserves and surplus ??
Thanks,
Krishna
Could anybody please explain about what is Reserves and surplus ??
Thanks,
Krishna
27 September 2010
Reserve is created by debiting the P/L account for particular purpose as per provision of various law. However surplus is the residual amount of P/L account after all the adjustments and appropriations.
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27 September 2010
Reserve & surplus
amounts retained in the business and not distributed to owners. Reserves can be:
* Profits made and not passed on to owners. These are some times known as retained earnings.
* Capital reserves which can not be passed on to owners and represent the perceived increase in valuation of some fixed assets.
amounts retained in the business and not distributed to owners. Reserves can be:
* Profits made and not passed on to owners. These are some times known as retained earnings.
* Capital reserves which can not be passed on to owners and represent the perceived increase in valuation of some fixed assets.
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