What are reserves?



0
Hi Binny,

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?

1 Answer(s)


0

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.