The amount set aside out of profits is called ..........

CS Executive · Corporate and Management Accounting · PYQS · December 2021
The amount set aside out of profits is called ..........
(A) Provision
(B) Reserve
(C) Surplus
(D) Income

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Accounting

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic