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Income Tax Expert Interview Question:
Do you know what is reserves and surpluses?
Submitted by: MuhammadReserves and Surpluses indicate that portion of the earnings, receipt or other surplus of the company appropriated by the management for a general or specific purpose other than provisions for depreciation or for a known liability. Reserves are classified as: Capital Reserve and Capital Redemption Reserve.
Submitted by: Muhammad
Submitted by: Muhammad
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