Question

reserve created by undervaluation of closing stock is called​

Answer 1

Answer:

Secret reserve is a reserve, the existence and/ or the amount of which is not disclosed in the balance sheet. It is also called as "Hidden Reserves or Internal Reserves." Secret reserves are created by : Excessive depreciation on the asset.

Answer 2

Answer:

Secret reserve is a reserve, the existence and/ or the amount of which is not disclosed in the balance sheet. It is also called as "Hidden Reserves or Internal Reserves." Secret reserves are created by : Excessive depreciation on the asset.

Explanation:

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