Capital reserves includes the following except

Home » Past Questions » Accounts-principles-of-accounts » Jamb » 2015 » Capital reserves includes the following except
Accounts - Principles of Accounts JAMB 2015

Capital reserves includes the following except

  • revaluation surplus
  • pre-incoporation profit
  • share premium
  • general reserves checkmark

The correct answer is: D

Explanation

general reserves is not a form of capital reserves. It is considered as revenue reserves
Previous Question Next Question

Leave A Comment