Accountancy, asked by fem963, 7 months ago

profit on sale of asset is use to create
a) specific reserve
b) General reserves
c) capital reserves
d) liability

Answers

Answered by jaijagat10jul2010

3

Answer:

specific reserve. hopefully it helps you

Answered by lion119

1

Answer:

Capital reserve

Explanation:

because A capital reserve is created from capital profit earned through sales of capital assets such as the sale of fixed assets, profit on the sale of shares. The special property of capital reserve is that these are permanently invested and cannot be used for any other purpose apart from which it is created.

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