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- Reserve in accounting is the portion of a company's profits that are set aside for specific or general purposes12. Reserve can appear in any part of shareholders' equity except for contributed or basic share capital3. Reserve can be used to purchase fixed assets, settle legal obligations, pay statutory bonuses, and long-term debts4. Reserve is an allowance that is set aside for expected losses or financial requirements5. Reserve is only used under the accrual basis of accounting5.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.In accounting, reserves are portions of a company's profits that are set aside for specific or general purposes. The process of setting aside funding for specific purposes is called appropriation.www.indeed.com/career-advice/career-developme…In the field of accounting, reserves are defined as the portion of a company’s profits that are set aside and retained within the business entity. These funds are not distributed to shareholders as dividends but are instead held in reserve for various purposes.livewell.com/finance/what-is-reserve-in-accounting/In financial accounting, reserve always has a credit balance and can refer to a part of shareholders' equity, a liability for estimated claims, or contra-asset for uncollectible accounts. A reserve can appear in any part of shareholders' equity except for contributed or basic share capital.en.wikipedia.org/wiki/Reserve_(accounting)Reserve accounting is the accumulated profits of the company that is earned over the years and authorised by the board of directors. The reserves can be used to purchase fixed assets, settle legal obligations, pay statutory bonuses, and long-term debts.cleartax.in/glossary/reserve-accounting/A reserve is an allowance that is set aside for expected losses or financial requirements. This approach is only used under the accrual basis of accounting; it is not used under the cash basis of accounting.www.accountingtools.com/articles/reserve
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