Ask Question
Today, 13:12

What is the purpose of a reserve?

+1
Answers (1)
  1. Today, 14:07
    0
    A reserve is profits that have been appropriated for a particular purpose. Reserves are sometimes set up to purchase fixed assets, pay an expected legal settlement, pay bonuses, pay off debt, pay for repairs and maintenance, and so forth ... Thus, funds designated as a reserve can actually be used for any purpose.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the purpose of a reserve? ...” in 📙 Biology if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers