difference between Resrves and Surplus

Rahul Gupta (CA Final Student) (1780 Points)

22 March 2008  

What is the difference between Resrves and Surplus?

letz have an apples to apples comparision so that there is no bitter aftertaste.

my point is...

"reserves are planned amount whereas surplus are not"

plz post ur comments so that we could have a set of comparision!