…….is a reserve created to meet any loss due to natural calamities.

Related MCQs

• Revenue reserve means any reserve other than ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ reserve.
• The Capital Redemption reserve is created for the following reasons:
• Capital redemption reserve is created out of
• Capital redemption reserve is created….
• In case of electricity companies, contingency reserve is created until it amounts to ….. of the original cost of the fixed assets.
• The amount set aside to meet the loss of bad debt is…
• If amalgamation is in the ..............., the General Reserve or Profit and Loss A/c balance will not be shown in the balance sheet.
• Loss Prior to incorporation is treated as ........... Loss, and Vendor’s Salaries are chargeable to ................ incorporation period.
• The ratios that shows the capacity of the business unit to meet its short term obligation out of its short term resources is known as ______
• ………………… means any person employed in any skilled or unskilled, manual, supervisory (wages less than 1600 p.m.), technical work.