In the past,reserves were divided into:
A)expense reserves and revenue reserves
B)equity reserves and asset reserves
C)asset reserves and revenue reserves
D)capital reserves and revenue reserves

Question

Quizplus · Accepted Answer

Capital reserves refer to the profit generated by the company's capital transactions (e.g. issuing bonds or shares). Revenue reserves refer to the profits generated by the company's day-to-day operations. Therefore, the past reserves were divided into capital reserves and revenue reserves.

In the Past,reserves Were Divided Into