Use app×
Ask a Question
QUIZARD
QUIZARD
JEE MAIN 2026 Crash Course
NEET 2026 Crash Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE

Distinguish between genereal reserve and specific reserve.

← Prev Question Next Question →
0 votes
800 views
in Accounts by (48.6k points)

Distinguish between genereal reserve and specific reserve.

Challenge Your Friends with Exciting Quiz Games – Click to Play Now!

1 Answer

+1 vote
by (50.3k points)
selected by
 
Best answer
General Reserve Specific Reserve
1.There is no specific purpose for Creating this reserve 1.Specific reserve is the reserve created for some specific purpose
2.It is also termed as free reserve because the management can freely utilize it for any purpose. 2.Specific reserve can be utilized only for that purpose it has been created.

← Prev Question Next Question →

Find MCQs & Mock Test

  1. JEE Main 2026 Test Series
  2. NEET Test Series
  3. Class 12 Chapterwise MCQ Test
  4. Class 11 Chapterwise Practice Test
  5. Class 10 Chapterwise MCQ Test
  6. Class 9 Chapterwise MCQ Test
  7. Class 8 Chapterwise MCQ Test
  8. Class 7 Chapterwise MCQ Test

Related questions

0 votes
1 answer
What is Specific reserve?
asked Feb 6, 2020 in Accounts by Sakil01 (48.6k points)

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

User Contribution to Sarthaks eConnect
Managed by Sarthaks Digitizing India
...