What's the difference between Reserve account and Reserve Fund Account?

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What do you think is the point behind using reserve accounting?
Posted by:
Musa Muhammad Dandikko
11-October-2013

Question ajoutée par Shahzad Ahmad , Head Credit Risk Management Division , SME Bank Limited
Date de publication: 2015/04/22

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par TIMOTHY Ngungi , Compliance co-ordinator , Barclays Bank of Kenya

Reserve account is An account set aside by an individual or business to meet any unexpected costs that may arise

Reserve fund account funds which has not been used on dividend payments and will be ploughed back to the business

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