Reserve: Difference between revisions
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3. ''Accounting''. | 3. ''Accounting - historical''. | ||
Formerly, an alternative term for an accounting provision. | Formerly, an alternative term for an accounting provision. | ||
Revision as of 16:33, 20 November 2021
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 - historical.
Formerly, an alternative term for an accounting provision.
