Which one of the following reserves is a revenue reserve? A. Capital redemption reserve B. General reserve
Question:
Which one of the following reserves is a revenue reserve?
A. Capital redemption reserve
B. General reserve
C. Revaluation reserve
D. Share premium account.
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A revenue reserve is a reserve that is created from the profits of a company that are not distribute...View the full answer
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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