alleryStart learning →AS 14 excludes which appropriation from the meaning of a reserve?
AAppropriation for bonus issue
BDividend equalisation set-aside
CAppropriation for expansion
DProvision for depreciation
Answer & Solution
Correct answer: D. Provision for depreciation
A provision for depreciation, diminution in value or a known liability is a charge, not an appropriation of surplus, so it is not a reserve.
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Related questions
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