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Which reserve is not shown in the Balance sheet

This question belongs to Commerce Accounting
Accounting
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Which reserve is not shown in the Balance sheet?

Answer & Solution
Correct Answer: Option A
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.
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