![Hale Stewart](https://www.taxconnections.com/taxblog/wp-content/uploads/H-S-10.11-22.png?resize=90%2C90&ssl=1)
“A reserve is an appropriation of profits for a specific purpose. The most common reserve is a capital reserve, where funds are set aside to purchase fixed assets. By setting aside a reserve, the board of directors is segregating funds from the general operating usage of a company.”
Recent Comments