Accounting · Company Accounts
Which of the following capital reserves or funds cannot be utilized for the redemption of preference shares under corporate accounting provisions?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Profit Prior to Incorporation✓
- 2General Reserve
- 3Workmen's Compensation Fund
- 4Insurance Fund
Correct answer
Profit Prior to Incorporation
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