20) Which of the following is not a type of reserve? a) Provision for bad debt b) General Reserves c) Workmen Compensation Fund d) Retained Earnings 21) An alternative term used for
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Answer:
a) Provision for bad debt
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Answer:
a) provision for bad debt
Explanation:
Provision for bad debt is a liability for a firm not a reserve bcz it means that now no more amount can be recovered from this and it is a loss for the firm
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