Accounting · Reserves and Provisions
Which of the following methods are used for creating a secret reserve? 1. By suppressing the sales sales revenue2. By undervaluing stock-in-trade and goodwill3. By charging excessive depreciation4. By charging capital expenditure to the Profit & Loss Account
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 1, 2 and 3
- 2Only 2, 3 and 4
- 3Only 1 and 4
- 41, 2, 3 and 4✓
Correct answer
1, 2, 3 and 4
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