Which statements are correct about capital reserve:- (A) It is necessary to create capital reserves out of capital profits, if any. (B) It cannot be…
CUET UG 2025 — Accountancy Company Accounts
Which statements are correct about capital reserve:-
(A) It is necessary to create capital reserves out of capital profits, if any.
(B) It cannot be used to issue bonus shares.
(C) It can be used to write off capital losses or to issue bonus shares any time during the lifetime of the company.
(D) It is not shown on the company balance sheet.
Choose the correct answer from the options given below:
Held on 22 May 2025 · Verified 13 Jul 2026.
Options
- A
(A) and (C) only
- B
(A), (B) and (C) only
- C
(A), (C) and (D) only
- D
(C) and (D) only
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