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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 used for the same purpose for which It is created?
  • A
    Revenue reserve
  • B
    Capital reserve
  • ✓
    Specific reserve
  • D
    General reserve
✓

Answer

Correct option: C.
Specific reserve

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