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DP
Question Practice

What is a secret reserve?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Depreciation, Provisions and Reserves
Question Bank

What is a secret reserve?

Single Answer MCQ
Q-00054368

What is a secret reserve?

1

A mandatory reserve created by law

2

A reserve that is not disclosed in financial statements

3

A reserve only for future expansions

4

Any reserve above the legal requirement

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