…… is a secret reserve usually created to provide for the loss by way of fluctuation in the value of investment

Related MCQs

• A reserve is created but its identity is merged with some other account or group of accounts so that the existence of the reserve is not known:
• A reserve created for redemption of debentures at a future date:
• Profit and loss on Depreciation Investment Fund A/c is transferred to —
• As per the Companies Act, 1956 which of these are allowed to create secret reserves in their books of account
• The statement of profit or loss is prepared according to _______ method to calculate profit or loss under single entry system
• Goods are transferred from Department X to Department Y at a price so as to include a profit of 33.33% on cost. If the value of closing stock of Department Y is ` 48,000, then the amount of stock reserve on closing stock will be
• Goods are transferred from Department A to Department B at a price so as to include a profit of 33.33% on cost. If the value of closing stock of Department Y is `36,000, then the amount of stock reserve on closing stock will be
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