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What is reserves |
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Answer» Reserve is an appropriation of profits or other surpluses to strengthen the liquid resources of the business enterprise and not for meeting any liability, contingency or any commitment of the business. Reserves are the specific area of land or forest that are conserved for a particular cause. For eg,wild life sancturies, forest reserves,etc. some extinct flora and fauna are reserved in this area. These are owned by government. Also, no one can hunt here,not cut the trees are harm their natural beauty. |
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