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What are reserves?
Please elaborate a little about the "Reserves" mentioned in the Domino's balance sheet.
Please explain why the calculation has been done for the month of March & not June in the quiz problems 2 and 4 for lecture 14? Does this represents the financial year or something?
Oct 11 2012 05:40 PM
Reserves are typically extra funds that have been kept aside for a pre-determined purpose. For example a company could set aside reserves for a factory expansion.
Yes,March indicates the end of the financial year.
Oct 12 2012 07:47 PM
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