These reserves are created out of revenue profits of the business for a specific purpose:
A) Specific Reserves
B) General Reserves
C) Capital Reserves
D) none
Correct Answer:
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Q4: For providing depreciation on leasehold property, the
Q5: Depletion Method of depreciation is used in:
A)Cattle,
Q6: The interest lost on the acquisition of
Q7: In this method depreciation is charged on
Q8: AS 6 revised is an accounting standard
Q10: These are the reserves created only to
Q11: These reserves are created out of capital
Q12: These reserves are not shown in the
Q13: A reserve is created but its identity
Q14: The value of asset can be reduced
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