Examlex
Ammonia can be prepared by the reaction of magnesium nitride with water.The products are ammonia and magnesium hydroxide.When the equation is written and balanced,the coefficient of water is
Retained Earnings
The portion of a company’s profits that is kept or retained and not distributed to shareholders as dividends.
General Reserve
Funds set aside from profits for undisclosed general purposes, serving as a buffer for future financial uncertainties or for any identified but not immediate needs.
Joint Ventures
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project, sharing both the profits and risks.
AASB 128/IAS 28
A standard specifying the accounting treatment for investments in associates and joint ventures, focusing on the application of the equity method.
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