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Capital reserves includes the following except

Accounts - Principles of Accounts
JAMB 2015
Capital reserves includes the following except
  • A. revaluation surplus
  • B. pre-incoporation profit
  • C. share premium
  • D. general reserves
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Correct Answer: Option D
Explanation
general reserves is not a form of capital reserves. It is considered as revenue reserves
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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
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Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - 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 App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post UTME Past Questions Agent