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    praveen_yadu's Avatar
    praveen_yadu Posts: 5, Reputation: 0
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    #1

    Oct 2, 2007, 05:12 AM
    Reserves and surplus
    Show me right definitions of reserve and surplus and what is role his in balance sheet.
    CliffARobinson's Avatar
    CliffARobinson Posts: 1,416, Reputation: 101
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    #2

    Jan 31, 2012, 02:29 PM
    Reserves are amounts kept in the company and not distributed to owners.

    Surplus is the amount left after payments are made from receipts.

    A Balance Sheet is a snapshot in time of the business Assets and Liabilities, of which, Reserves and Surplus would be considered Assets.
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