Reserves are also known as ……………

CS Executive · Corporate and Management Accounting · PYQS · December 2024
Reserves are also known as ……………
(A) Present obligation as a result of a past event
(B) Plough back of profit
(C) Deferred income
(D) Notional income

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Reserves

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