what is secret reserve
Answers
Answered by
2
Secret reserves are reserves the existence of which does not appear on the Balance Sheet. In such a situation, net assets position of the business is stronger than that disclosed by the Balance Sheet.
HOPE IT HELPSS U
HOPE IT HELPSS U
AbhiramiGNath:
welcome
Answered by
2
secret reserve is a reserve which does not appear in the balance sheet. it may also help to reduce the disclosed properties and also the tax liability. The Secret reserve can be merged with the profits during the lean periods to show improved profits.
Similar questions