The portion of profit which is not paid to proprietor but is-13401
The portion of profit which is not paid to proprietor, but is kept apart for meeting some known or unknown losses is called
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.
The portion of profit which is not paid to proprietor, but is kept apart for meeting some known or unknown losses is called
Reserves
Revenue Reserves
General reserve
Specific Reserve