Accountancy, asked by AgneloRex, 3 months ago

Give two examples of Secret Reserves.

Answers

Answered by Anonymous
5

Explanation:

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 bookkid
3

Answer:

Secret reserves are created by means of:

LEARNING APP.

ANSWR.

CODR.

XPLOR.

SCHOOL OS.

STAR.

Explanation:

hope it helps

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