Explain the concept of ‘secret reserve’.
Answers
Answered by
35
Answer:
A secret reserve is the amount by which the assets of an organization are understated or its liabilities are overstated. An entity might establish a secret reserve for competitive reasons, to hide from other businesses that it is in a better financial position than appears in its financial statements.
Answered by
0
A secret reserve is the amount by which the assets of an organization are understated or its liabilities are overstated. An entity might establish a secret reserve for competitive reasons, to hide from other businesses that it is in a better financial position than appears in its financial statements.
MARK as brainlist
Similar questions
Social Sciences,
4 months ago
English,
4 months ago
Accountancy,
8 months ago
English,
11 months ago
Math,
11 months ago
Hindi,
11 months ago