Profit on revaluation of assets to be shown as ............ in the consolidated Balance Sheet.

CS Executive · Corporate and Management Accounting · PYQS · December 2020
Profit on revaluation of assets to be shown as ............ in the consolidated Balance Sheet.
(A) General Reserve
(B) Capital Reserve
(C) Goodwill
(D) None of the above

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Corporate Accounting

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

Related Questions in this Topic