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  4. WAEC 2011
  5. Which of the followi...

Which of the following is not an example of capital reserve?

Accounts - Principles of Accounts
WAEC 2011
Which of the following is not an example of capital reserve?
  • A. share premium
  • B. retained profits
  • C. surplus on revaluation of assets
  • D. pre-incorporation profits
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Correct Answer: Option D
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts