Meaning of Reserve
How we at Bookkeeping Support Define the Meaning of Reserve:
A company’s reserve is money set aside to pay for potential expenses or to pay dividends to shareholders
How AI Define the Meaning of Reserve:
Reserves are part of profits or gain that has been allotted for a specific purpose. Reserves are usually set up to buy fixed assets, pay bonuses, pay an expected legal settlement, pay for repairs & maintenance and pay off debt.
