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Doctors Medicines MCQs Q&A

  1. Secret reserve
  2. General reserve
  3. Capital reserve
  4. All of the above
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1 Answers

Answer: Option 1

Secret reserve is not shown in the Balance sheet. The term secret reserve refers to a reserve the existence of which is not disclosed in the Balance Sheet. It can be said that there is a surplus of assets over liabilities and that surplus is not disclosed or shown by the Balance Sheet.

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