Difference between general reserve & capital reserve?

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student
69 Points Posted on 06 July 2014
purpose of the General Reserve& capital Reserve. .
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On 06 July 2014 at 22:58 Report
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Jobs on assignment basis.
1481 Points Posted on 07 July 2014

Capital Reserve is a reserve of corporate enterprise which is not available for distribution of dividend

General Reserve is a revenue reserve which is not earmarked for a specific purpose

 

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On 07 July 2014 at 10:53

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