reserve account

noun

Definition of reserve account

  1. 1 :  a valuation account that shows the estimated or actual decline in value of an asset and is always subtracted on a balance sheet from the related asset account to show net value a reserve account for depreciation reserve accounts for bad debts reserve account to reduce investments to market value —called also allowance account, provision account, valuation account

  2. 2 :  an account that shows an accrued usually estimated liability reserve account for income taxes

  3. 3 :  an account that shows profits or surplus segregated or appropriated for a particular purpose reserve account for contingencies reserve account for replacement of fixed assets

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Origin and Etymology of reserve account

3reserve


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