Education

11th

grade

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Provisions and Reserves

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  • 1. Multiple Choice
    1 minute
    1 pt

    Reserve arising from capital receipts are known as

    capital Reserve

    Reserve fund

    Any of ( a ) or ( b )

    None of these

  • 2. Multiple Choice
    1 minute
    1 pt

    Provisions are

    external transactions

    internal transactions

    can be ( a ) or ( b )

    None of these

  • 3. Multiple Choice
    1 minute
    1 pt

    if the amount of any known liability cannot be determined with accuracy

    a liability should be provided

    a provision should be made

    a reserve should be set aside

    none of these

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