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P2 C3 Provisions and Reserves — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C3 Provisions and Reserves1 Mark
MCQ
From which account specific reserve is created?
  • A
    Trading A/c
  • B
    Profit and Loss A/c
  • ✓
    Profit and Loss Appropriation A/c
  • D
    Profit and Loss Adjustment A/c
✓

Answer

Correct option: C.
Profit and Loss Appropriation A/c

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