A reserve is a planned amount, a surplus is unplanned.
reserves and surplus are shown into liability side of the financial statiment, since reserve is the money set aside from the capital for future use hence defining surplus as a debit in the business thus attributing to its liabiltiness,
Surplus Reinsurance
When the Government could not meet the cost of infrastructure projects and also when there is a huge deficit budget borrowing could not be avoided. But the Government has to calculate the foreign exchange reserves it has and the GDP vs External Debts ratio.
The cost based pricing may overlook costs that are not monetary. Cost based pricing may overlook inefficiency Cost based pricing may not take advantage of consumer surplus.
What is reserve & surplus in accounts
entries for Reserve & surplus
A reserve is a planned amount, a surplus is unplanned.
reserves and surplus are shown into liability side of the financial statiment, since reserve is the money set aside from the capital for future use hence defining surplus as a debit in the business thus attributing to its liabiltiness,
Amount appropriated out of earned surplus (retained earnings) for future planned or unforeseen expenditure.
reserves surplus
I do not know. Try asking Jeeves.
by balance sheet under reserves and surplus heading otherwise in profit and loss appropriation a/c
what are the statutory reserves of a company?
Total welfare is the sum of the consumer and producer surpluses. Consumer Surplus+Producer Surplus=Total Welfare
Surplus Reinsurance
Sellers cost, producers surplus, and the supply curve are related?