#GeneralReserve Archives - Knowledge Base

Why is the general reserve treated as a liability in a balance sheet?

General reserve treated as a liability in a balance sheet General reserve treated as a liability in a balance sheet. Because it represents funds that have been set aside by a company’s management to cover potential losses or contingencies. It is a type of reserve created by appropriating a portion of the company’s profits and… Read More »

What’s the process of resignation of a director in private limited company in India?

Resignation of a Director Resignation of a Director, When a directors decides to resign from a company, the following steps need to be followed: Written Resignation: The director should draft a written resignations letter addressed to the board of directors. The letter should include the reason for resigning and the effective date of the… Read More »