Proprietary Funds is ............

CS Executive · Corporate and Management Accounting · PYQS · December 2021
Proprietary Funds is ............
(A) Equity share capital + Preference share capital + Reserves
(B) Equity share capital + Preferene share capital
(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: Management Accounting

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