Secret Reserve will be shown in A) Profit and Loss Account B) Profit and Loss Appropriation Account C) Balance Sheet D) None of the above

Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter16: Advanced Topics Concerning Complex Auditing Judgments
Section: Chapter Questions
Problem 35RSCQ
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Secret Reserve will be shown in A) Profit and Loss
Account B) Profit and Loss Appropriation Account C)
Balance Sheet D) None of the above
Transcribed Image Text:Secret Reserve will be shown in A) Profit and Loss Account B) Profit and Loss Appropriation Account C) Balance Sheet D) None of the above
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