Reserve: Difference between revisions
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1. | 1. ''Accounting - companies''. | ||
''Accounting - companies''. | |||
An account representing an amount of money ‘owed’ to the owner (shareholder) of the company. | An account representing an amount of money ‘owed’ to the owner (shareholder) of the company. | ||
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3. | 3. ''Accounting''. | ||
''Accounting''. | |||
Formerly, an alternative term for an accounting provision. | Formerly, an alternative term for an accounting provision. | ||
Revision as of 15:58, 15 November 2020
1. Accounting - companies.
An account representing an amount of money ‘owed’ to the owner (shareholder) of the company.
2.
More generally, any accumulated financial surplus.
The reserve may be earmarked for a particular purpose or expected future expenditure, but not necessarily so.
3. Accounting.
Formerly, an alternative term for an accounting provision.
