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What is the difference between capital …

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What is the difference between capital reserve and general reserve?

Posted by Ayush Verma 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 9 months ago

General reserve is an appropriation of profits that is created without any specific purpose for meeting general future finance needs of the entity. Capital reserve is an accumulation of profits generated from capital transactions that can be utilized for financing capital purposes.

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