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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
What is reserve fund ?
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Answer

The amount of this reserve is invested outside of the business, such investments aremade in securities which can be easily converted in cash it is known as Reserve Fund.

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