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Model Paper 4 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountModel Paper 41 Mark
Question
Reserves are important because they help in:
✓

Answer

B
All of these
Explanation:
Reserve:- Reserves out of profits are required for various purposes. Reserve are appropriation against profit. They help in meeting the unforeseen contingencies that may arise in the future, help in the expansion of the business. They may also be used to
distribute dividends and pay off the liabilities like debentures.

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