Examveda
Examveda

Which reserve is not shown in the Balance sheet?

A. Secret reserve

B. General reserve

C. Capital reserve

D. All of the above

Answer: Option A

Solution(By Examveda Team)

Secret reserve is not shown in the Balance sheet. The term secret reserve refers to a reserve the existence of which is not disclosed in the Balance Sheet. It can be said that there is a surplus of assets over liabilities and that surplus is not disclosed or shown by the Balance Sheet.

This Question Belongs to Commerce >> Accounting

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