An amount set aside out of profit for a specific purpose is a? by Sunday | Apr 7 | Accounting WAEC | 0 comments A. reserve B. liability C. provision D. discount Correct Answer: Option A – reserve Users Also Read These:A fixed amount of money set aside for petty expenses is?A solid of mass 0.5kg initially at 50oC melts at…Interest on drawings is 5%, interest on capital is…When a seller decides to sell his goods at a…The business organization established mainly for the…