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,
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare
Provisions are charge against profit and Reserves are appropriation of profit.
This is the difference between Income and Expenditure in a non-profit making business, where the income exceeds expenditure
Surplus Reinsurance
What is reserve & surplus in accounts
entries for Reserve & surplus
Surplus value is the difference between the value that workers produce and what they are paid in wages.
Consumer surplus is the difference between the maximum amount a person is willing to pay for a good and its current market price. Producer surplus is the difference between the current market price and the full cost of production for the firm.
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare. Producer surplus - the difference between what a producer is willing to sell their product for and what they actually receive. Aggregate producer surplus measures producer welfare
A surplus is more than needed, a deficit is a shortage or loss
Oil Reserves are big and oil deposits are small.
Surplus energy is an excess amount and deficit is not enough energy
sb
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,
The principal difference is time perspective: marketable surplus is produce that a farmer currently has on hand to take to market to earn a profit, while marketed surplus is what she has already taken to market to earn a profit.
Amount appropriated out of earned surplus (retained earnings) for future planned or unforeseen expenditure.