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19:09 Jun 19, 2018 |
Spanish to English translations [PRO] Bus/Financial - Law: Contract(s) / Shares and shareholders | |||||||
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| Selected response from: AllegroTrans United Kingdom Local time: 19:48 | ||||||
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4 | may not be charged to the debit of the reserve account |
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3 | distributable reserves |
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distributable reserves Explanation: Means reserves which by law or operation of the company's Articles of Association may be used to make payments, e.g. of dividends Non-distributable reserves are those which must remain intact |
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Notes to answerer
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may not be charged to the debit of the reserve account Explanation: The debit of the reserve account includes all the reserves' decrements https://www.accountingtools.com/articles/what-is-reserve-acc... |
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