Learning Materials For Accounting, Management , Finance And Economics.

Monday, July 19, 2010

Types Of Reserve

The following are the main types of reserves

1. Capital Reserve

2. Revenue Reserve

a)General Reserve

b) Specific Reserve

*Dividend Equalization Fund

* Research And Development Fund

*Sinking Fund
- Sinking fund for replacement of assets
- Sinking fund for redemption of liabilities

3. Secret Reserve