A. revaluation surplus
B. pre-incorporation profit
C. share premium
D. general reserves
Correct Answer:
Option D – general reserves
Explanation
General reserves are not a form of capital reserves. It is considered as revenue reserves
A. revaluation surplus
B. pre-incorporation profit
C. share premium
D. general reserves
Correct Answer:
Option D – general reserves
Explanation
General reserves are not a form of capital reserves. It is considered as revenue reserves
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