Secret reserve class 11
Web5 Sep 2024 · class-11 1 Answer +1 vote answered Sep 5, 2024 by Sreevishnu Seethal (77.1k points) selected Sep 6, 2024 by PrachiMahida Best answer Secret reserve can be created as follows : By undervaluing closing stock. By showing more contingencies than required, e.g., provision for bad debt. By showing contingent liability as actual liability. Web1 day ago · By Ken Dilanian, Michael Kosnar and Rebecca Shabad. WASHINGTON — Jack Teixeira, a 21-year-old member of the Massachusetts Air National Guard, was arrested by …
Secret reserve class 11
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Web6 Jul 2024 · Secret reserve is a reserve that does not appear in the balance sheet. It may help to reduce profit and also tax liability. Management may resort to creation of secret … Web9 Apr 2024 · Accounting is a crucial subject in Class 11. Accounting fundamentals and methods are taught to students in this class. They will be implemented in conjunction with the concept of GST. Examine and import the CBSE Class 11 Accountancy Syllabus 2024-22 (New) in PDF format. Below, you can find a link to download the CBSE Accountancy Class …
Web10 Apr 2024 · Synopsis Secret Class. Dae Ho, who became an orphan at the age of 13, was adopted by his father’s friend. However, Dae Ho in adulthood knew nothing about the relationship between men and women. Aunt and sisters decided to give pure Dae Ho a secret class…. This story is about a wife of two cheating on her husband with whom she … Web23 Nov 2024 · Secret reserve. → Reserve is a helping hand for business in contingencies. It means reserve is like an anchor during bad times. → There is no definite purpose for creating the General reserve. → When a Revenue reserve is created out of Profit and Loss Appropriation Account for specified purpose is known as Specific reserve.
Web10 Jul 2024 · Explain the concept of secret reserve. An amount that leads to undervaluing of the assets of an organization or overestimation of liabilities is called a secret reserve. It is … WebA secret reserve helps strengthen the business’s financial position without being immediately disclosed in any book, i.e., it is kept secret. A secret reserve is also often …
Web23 Nov 2024 · Provisions and Reserves Class 11 GSEB Notes As human life is full of many uncertainties, a business also has to face many types of risks and uncertainties. Many …
Web21 Oct 2024 · The main difference between depletion and depreciation is that the former is concerned with the exhaustion of economic resources, but the latter relates to the usage of an asset. (a) True. (b) False. (c) Can’t say. (d) Partially true. Answer. Question. Depreciation provides fund for replacement. (a) True. the grange royal primary care chesterfieldWeb1 Apr 2024 · CBSE class 11 syllabus of Accountancy comprises of the important topics that forms the base for the further studies in the commerce field. The syllabus has been designed with basic accounting concepts along with advanced accountancy. ... Secret Reserve · Difference between capital and revenue reserve · appreciate that on the basis of … theatres in san franciscoWebYou can Prepare effectively for the exam, Taking the help of the Class 11 Accountancy Objective Questions PDF free of cost from here. Students can take a free test of the … theatres in san diegoWeb1 Dec 2024 · Check the below NCERT MCQ Questions for Class 11 Accountancy Chapter 7 Depreciation, Provisions and Reserves with Answers Pdf free download. MCQ Questions … theatres in sebring flWeb4 Feb 2024 · Revenue reserve ii. Capital reserve iii. General reserve iv. Specific reserve v. Secret Reserve • Difference between capital and revenue reserve. Accounting for Bills of Exchange • Bill of exchange and Promissory Note: Definition, Specimen, Features, Parties. ... CBSE Class 11 Syllabus for Commerce – Business Studies (2024-23) the grange rottingdean exhibitionsWeb8 Apr 2024 · Reserve in accounting is mainly of 3 types. Read along to find out more about them. 1. Revenue Reserve. Popularly known as retained earnings, this particular reserve is created with the help of the earnings generated through the … the grange rothleyWeb10 Jul 2024 · 13. Explain the concept of secret reserve. An amount that leads to undervaluing of the assets of an organization or overestimation of liabilities is called a secret reserve. It is formed with the purpose of hiding business profits from competitive organizations or competitors. Long Answers for NCERT Accountancy Solutions Class 11 … the granger restaurant