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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 44: Depreciation and Reserves: Understanding the Accounting Concepts
  5. Question
    These Are the Reserves Created Only to Strengthen the Financial
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These Are the Reserves Created Only to Strengthen the Financial

Question 7

Question 7

Multiple Choice

These are the reserves created only to strengthen the financial position or the business and to keep the funds available for any future contingency or expenditure that may be required:


A) Specific Reserves
B) General Reserves
C) Capital Reserves
D) none

Correct Answer:

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