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Q: What is the purpose of reserve section?
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What is the purpose of the Federal Reserve Board?

The Purpose of the United States Federal Reserve Board is that of a governing body to oversee and make important decisions to do with the Federal Reserve Bank and the United States' currency and monetary issues.


What is the purpose the reserve requirement?

It protects public deposits.


What is is the purpose of the Federal reserve bank?

The Federal Reserve Bank manages the U.S. economy by controlling the money supply.


What was the purpose of the federal reserve act apex?

To stabilize the U.S banking system


What is the difference between general reserve and revenue reserve?

A reserve which is created out of the revenue profit is called revenue reserve. Revenue profit is earned in the normal course of the business. Revenue reserve refers to the undistributed revenue profit. It is created for strengthening the financial position, replacing deprecialble assets, redeeming liabilities, declaring uniform rate of dividend and conducting research and development functions. If the reserve is not needed in the future, it can be distributed as dividend to the shareholders.There are two types of revenue reserve:a) General ReserveA reserve which is created out of the profit not for a specific purpose is known as general reserve.General reserve is used for general purpose as per the discretion of the management. Usually, general reserve is used for strengthening the financial position and meeting future contingencies and losses.b) Specific ReserveA reserve which is created out of the profit for a particular purpose is known as specific reserve. Such reserve can not be utilized for any purpose other than specified. Specific reserve is created by debiting the profit and loss appropriation account. It can be invested in outside securities. It serves for a specific purpose as to equalize dividend or to redeem a fixed liability or to replace a fixed assets or to conduct a research and development work.The following are the important types of specific reserve:* Dividend equalization fund* Sinking fund* Research and development fund

Related questions

What books are put in the reserve section of a library?

Books that are put in the reserve section may include:DictionariesThesauriEncyclopediasYearbooksAtlasesCataloguesDirectoriesNewspapersMagazinesJournalsAlmanacsBibliographiesBiographiesMaps


Where does revaluation reserve go on the balance sheet?

Revaluation reserve is part of equity of business as shown under equity section in liability section of balance sheet.


What is the purpose of the Federal Reserve Board?

The Purpose of the United States Federal Reserve Board is that of a governing body to oversee and make important decisions to do with the Federal Reserve Bank and the United States' currency and monetary issues.


What is reserve section book?

baliw si nat idos


What is the purpose of reserve requirements?

It protects public deposits.


What is the purpose the reserve requirement?

It protects public deposits.


Difference between Debenture Redemption Reserve and Capital redumption Reserve?

The Capital Redemption Reserve is a fund that secures a creditor. Debenture Redemption Reserve is for the purpose of security payments only.


What is is the purpose of the Federal reserve bank?

The Federal Reserve Bank manages the U.S. economy by controlling the money supply.


Which section of the treasury dept prints federal reserve notes?

currency notes


What was the purpose of this section of Lincoln's Gettysburg Address?

there was no purpose. gosh


What does the French word 'reserve' mean?

The French word "reserve" can mean reserve, backup, or a place set aside for a certain purpose. It can also refer to a nature reserve or a reservation.


Can revaluation reserve be use for bonus issue?

Yes it can use any of the capital reserves for the purpose, like Share Premium Account, Capital Redemption Reserve & Revaluation Reserve...