Which of the following is capital reserve?

CS Executive · Corporate and Management Accounting · PYQS · June 2021
Which of the following is capital reserve?
(A) Profit prior to incorporation
(B) Profit on sale of fixed assets
(C) Profit on reissue of forfeited shares
(D) All of the above

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Corporate Accounting

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