hollyb

What are the types of Revenue Reserves?

Please list the types of Revenue reserves.

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prindhorn

There are two major types of Revenue reserves: a. General reserve Reserve which is not created for any specific purpose, but for strengthening the financial position of the business is known as General Reserve, e.g. Reserve fund, contingencies reserve etc. b. Specific Reserve Reserve created for any special purpose is known as Specific Reserve. e.g., Dividend Equalization fund, Debenture sinking fund etc. Source:http://in.docsity.com/en-docs/Financial_System_Part_2-Financial_Accounting-Lecture_Handout_

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saif

"Particular Arrange Any arrange which can be made out from the revenue for a particular purpose is recognized as certain hold. This kind of arrange is not utilised for just about any purpose aside from given."

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