Identify which of the following qualifies as a revenue reserve.

Multiple choice question for Capital And Revenue Expenditure. Select an option, then review the explanation below.

Explanation

Among the listed options, the debenture redemption reserve is classified as a revenue reserve, whereas capital redemption reserve, security premium account, and capital reserve are not considered revenue reserves.

Practice related questions from the same subject.

1.If the directors do not appoint the first auditor(s), at which meeting must the shareholders appoint them by passing a resolution?
2.When must the board of directors appoint the first auditor of a company?
3.Which of the following costs should be classified as a revenue expense rather than a capital expenditure?
4.At what percentage of the original cost does an asset's book value allow a company to stop recording depreciation?
5.Which of the following actions does not result in the formation of a secret reserve?

Identify which of the following qualifies as a revenue reserve.

Explanation

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