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

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C3 Provisions and Reserves1 Mark
Question
Mention any three sources of capital reserve.
✓

Answer

Following are three sources of capital reserve:
$(1)$ Profit on sale of fixed assets and investments.
$(2 )$ Premium received on issue of shares or debentures and
$(3 )$ Balance of share for forfeiture account after reissue of shares forfeited by the company.

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