Revenue reserves are:
A) Accumulated and undistributed profits of a company
B) Amounts set aside out of profits for future capital expenditure.
C) Amounts which cannot be distributed as dividends
D) Amounts set aside out of profits to replace revenue items
Correct Answer:
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Q1: Which of the following are not required
Q2: Which of the following statements is most
Q3: When a company goes into liquidation, which
Q4: Which of the following is not a
Q5: Which of the following does not appear
Q7: Capital reserves are:
A) Accumulated and undistributed profits
Q8: The correct ledger entries to record the
Q9: When preparing financial statements in periods of
Q10: A set of financial statement that are
Q11: Which of the following is not part
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