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  3. 12th Class
  4. Accountancy
  5. Financial Statement Of Company

12th Class Accountancy Financial Statement Of Company Question Bank MCQs - Financial Statements of a Company

  • question_answer
    When some part of profit is transferred to the Debenture Redemption Reserve, General Reserve or Workmen compensation reserve etc. It is called:

    A) Revaluation process 

    B) Creation of Contingent Reserve

    C) Appropriation of Profit

    D) Share Application money pending allotment

    Correct Answer: C

    Solution :

    Appropriation of Profit


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