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Capital reserves includes the following except

Capital reserves includes the following except
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Revaluation surplus
  • B Pre-incoporation profit
  • C Share premium
  • D General reserves
Correct Answer: Option D
Explanation:
general reserves is not a form of capital reserves. It is considered as revenue reserves

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