Financial and Management Accounting

1: What are the ways of creating secret reserves? 1. By charging excessive depreciation 2. By overvaluing stock in trade and goodwill 3. By suppressing sales 4. By showing a contingent liability as a real liability 5. By grouping free reserves as creditors. Select the correct answer using the codes given below:

A.	1,2,4 and 5
B.	1,3,4 and 5
C.	2,3 and 5
D.	1,2 and 4
	Answer : D Explanation : Write your comments here: Updating your Comments.. Updating your Comments.. Report Error
	Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.

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Financial and Management Accounting

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