Indicate whether or not the following items are a true description of the reserves of a limited

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Indicate whether or not the following items are a true description of the reserves of a limited company. Reserves represent:

(a) the profits of the company which are held within it and not distributed to shareholders True/False

(b) the cash which the business has available to use. True/False

(c) increases in the assets -liabilities of the company. True/False LO.1

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Question Posted: Jul 02, 2024 09:11 AM

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Indicate whether or not the following items are a true description of the reserves of a limited

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Mastering Accounting

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