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  5. A reserve is an amou...

A reserve is an amount

Accounts - Principles of Accounts
WAEC 2000
A reserve is an amount
  • A. to be paid to creditors
  • B. set out of profit for future use
  • C. for paying dividends
  • D. recovered from debts earlier written off
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Correct Answer: Option B
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent