Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

which statement relating to reserves is not true? a. They represent cash set aside to be drawn on in hard times b. they represent items

which statement relating to reserves is not true?

a. They represent cash set aside to be drawn on in hard times

b. they represent items of equity other than share capital.

c. retained earnings is a type of reserve account

d. when a non current asset is revalued upwards, a revaluation in created

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Global Approach

Authors: Sidney J. Gray, Belverd E. Needles

1st Edition

9780395839867

More Books

Students also viewed these Accounting questions

Question

If the job involves a client load or caseload, what is it?

Answered: 1 week ago

Question

Have you got a one page summary that you are happy with?

Answered: 1 week ago