Reserves
Code: 3700
👁 Views: 105
Account Information
| Financial Statement | Statement of Financial Position |
| Normal Balance | Credit |
Definition
Represents amounts appropriated from retained earnings for specific purposes under the law or the company's articles of association.
Sub-accounts
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 1
Presentation of Financial Statements
US GAAP
ASC 505
Equity
❓ Frequently Asked Questions
Q: What are reserves?
A: Amounts appropriated from retained earnings for specific purposes under the law or the company's articles of association.