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-   -   The definition of 'Reserves' and 'Surplus' (https://www.askmehelpdesk.com/showthread.php?t=136170)

  • Oct 2, 2007, 05:12 AM
    praveen_yadu
    Reserves and surplus
    Show me right definitions of reserve and surplus and what is role his in balance sheet.
  • Jan 31, 2012, 02:29 PM
    CliffARobinson
    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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