Different Types of Reserves
Types of Reserves: A) Revenue Reserves: Revenue Reserves are the reserves which are created out of revenue profits which have …
Accounts
What is Reserves?
Reserves: Reserves mean the amount set aside out of profits and other surpluses to meet future uncertainties. In other words, …
What is Provisions?
Provisions: The term Provision means that the setting aside of associate in nursing calculable quantity to satisfy known liability or …
What is Rectification of errors?
Rectification of errors is a process through which the errors or mistakes committed while writing the books of accounts are …
Forfeiture of Shares: Definition, Procedure & Accounting Treatment
Forfeiture of shares means cancellation of the shares held by the defaulting member. Forfeiture of shares leads to compulsory termination …
What is Cash Book?
Cashbook is a special-purpose book which is used to record all transactions relating to cash receipts and cash payment in …
What is Share Capital ?
Share capital is the money a company grows by issuing general or preferred stock. The amount of share capital of …
Preference Shares: Meaning, Types & Important
Preference shares are those shares that rank for a fixed dividend out of the profits in priority to any other …
