A

Admin • 802.91K Points
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Q. A reserve created out of profits is called:

  • (A) Capital Reserve
  • (B) General Reserve
  • (C) Revenue Reserve
  • (D) Secret Reserve
  • Correct Answer - Option(C)
  • Views: 3
  • Filed under category Accounting
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Explanation by: Admin
Revenue reserves are created out of business profits for future contingencies.

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