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What is the difference between Revenue …

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What is the difference between Revenue reserve and Capital reserve?

Posted by Shivam Singh 6 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Gaurav Seth 6 years, 9 months ago

<th>BASIS FOR COMPARISON</th> <th>REVENUE RESERVE</th> <th>CAPITAL RESERVE</th>

Meaning	Revenue Reserve refers to the sum of money retained in business, so as to meet out future contingencies.	Capital Reserve alludes to a fund, that is created to finance long term project or write off capital expenses.
Source	Revenue profit of the firm are the source of revenue reserves.	Capital profit of the firm are the source of capital reserve.
Aim	To meet unforeseen contingencies and improve entity's financial position.	To adhere to the statutory requirements or accounting principles.
Utilization	Based on the type of reserve it can be utilized for any or particular purpose only.	Capital reserve can be utilized for the purpose for which it is created.
Dividend	It is freely available for distribution as dividend.	It is not available for distribution as dividend.

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