Proprietary funds is:

CS Executive · Corporate and Management Accounting · PYQS · June 2024
Proprietary funds is:
(A) Equity share capital + Preference share capital - Fictitious Assets
(B) Equity share capital + Preference share capital + Fictitious Assets
(C) Equity share capital + Preference share capital + Reserves - Fictitious Assets
(D) Equity share capital + Preference share capital + Reserves + Fictitious Assets

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Financial Accounting

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