The note on reserves is provided below. Explain the nature of each of the reserves. Capital Balance
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The note on reserves is provided below. Explain the nature of each of the reserves.
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Capital Balance at start of year Transfer from retained profits Balance at end of year General Balance at start and end of year Asset revaluation Balance at start of year Increase (decrease) arising from revaluation of freehold land and buildings and investments Balance at end of year 2019 $000 26 874 26 874 13 337 31 188 | | 31 188 Consolidated 2018 $000 26 494 380 26 874 13 337 31 704 (516) 31 188
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Based on the provided information it seems like there are four types of reserves mentioned Capital G...View the full answer
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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