Creating a is necessary to show a true profit for the period-13406
Creating a __________ is necessary to show a true profit for the period, whereas the __________ is created on the discretion of the owner, out of profits.
This multiple choice question (MCQ) is related to the book/course vu mgt101 Financial Accounting. It can also be found in vu mgt101 Lecture No.30 - Quiz No.2.
Creating a __________ is necessary to show a true profit for the period, whereas the __________ is created on the discretion of the owner, out of profits.
Reserves , provisions
Provision, reserves
Provision, Provision
reserves, reserves