India Capital , equity , share capital , reserve and surplus ?

[aCCOUNTING503219]

Capital reserve
General reserve
Balance of profit and loss account

Are all these the same things ?

 

[bklynboy]

No.

 

[AARTIKAUSHIK]

No, all are different here is the difference in simple words.
Capital reserve is created for specific purpose
where as general reserve can be used for any purpose
and balance of p&l is net amount after deducting reserves which is available for appropriation.

hope this will help you.