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Example of specific reserve

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Example of specific reserve

Posted by Sidhant Sukhija 6 years ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 6 years ago

A specific reserve is one, which is created for some specific purpose by debiting Profit and Loss Appropriation Account. Normally, it is available for the purpose for which it has been created.

Some of the examples of specific reserves are as below:

Dividend Equalization Reserve.
Investment Fluctuation Reserve.
Debenture Redemption Reserve.
Plant and Machinery Replacement such as Sinking Fund Reserve or Depreciation Fund Reserve.

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