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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
Which reserve Is created from Profit and Loss Appropriation Account?
  • ✓
    General reserve
  • B
    Bad debts reserve
  • C
    Discount reserve on debtors
  • D
    Capital reserve
✓

Answer

Correct option: A.
General reserve

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