Question: It is possible for an entity to build up hidden amount of profit (known as secret reserves) by making some adjustments in the profit and

"It is possible for an entity to build up hidden amount of profit (known as secret reserves) by making some adjustments in the profit and loss account (Income Statement)."

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"It is possible for an entity to build up hidden amount of profit (known as secret reserves) by making some adjustments in the profit and loss account (Income Statement)." What do you think? Discuss

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