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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
State types of reserves.
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Answer

Main types of reserves are as under: $(1)$ Revenue Reserve $(a)$ General Reserve $(b)$ Specific Reserve $(c)$ Secret Reserve $(2)$ Capital Reserve

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