The part of equity which is payable on winding up is called?
a
general reserve
b
revenue reserve
c
capital reserve
d
normal reserve
Explanation
Correct Option
bNo explanation available
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newceta
3 months ago
The answer to this question is capital reserve not revenue reserve.
capital reserves are created from non-operational profits, such as the sale of fixed assets or revaluation, and are specifically designated to be distributed upon the liquidation or winding up of a company, rather than for regular dividends. please review this question
