Question
Accountancy Question on Profit and Loss Account
Reserves and Surplus includes:
(A) Statement of Profits and Loss (Credit Balance)
(B) Reserve Capital
(C) Securities Premium Reserve
(D) Capital Redemption Reserve
(E) Share Application Money Pending Allotment
Choose the correct answer from the options given below:
A
(A), (B), and (E) Only
B
(B), (C), and (D) Only
C
(A), (C), and (D) Only
D
(A), (B), and (D) Only
Answer
(A), (C), and (D) Only
Explanation
Solution
The correct option is (C) :(A), (C), and (D) Only