Day: August 25, 2022

Which of the following may be used to smooth distributable profits from one year to another?

Select ONE answer:

1. asset revaluation reserve
2. capital redemption reserve
3. general reserve
4. provisions for depreciation

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct
4. Not correct

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