Why do you think special revenue reserves are used, rather than simply leaving everything in the profit

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Why do you think special revenue reserves are used, rather than simply leaving everything in the profit and loss account (which is, itself, a revenue reserve)?

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Frank Woods Business Accounting Volume 2

ISBN: 9780273693109

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Sep 08, 2023 06:51 AM

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Why do you think special revenue reserves are used, rather than simply leaving everything in the profit

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There is no simple answer to this question Reserves of this type were fairly common some years ago m...View the full answer

Frank Woods Business Accounting Volume 2

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