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Net sales a2.Which of the following is a correct example of Secret Reserve?(a) Profit on Sale of Fixed Assetslo) Loss on Sale of Fixed Assets(c) Showing Net Sales in Trading Account (d) Charging excessive depreciation3. Following statement is true or not:"Provision is a charge against the profit; it is made to meet known liability or contingencydetermined.Give one difference between Bill of Exchange and Promissory Note on the basis of 'DRAIdentify the type of error:i dabited to Commission Account instead of Land |
Answer» Answer:Which of the following is a CORRECT EXAMPLE of Secret Reserve?l |
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