Question

Choose the correct answer: Reserve is an example of (a) Cost item (b) Non-cost item (c) Selling item (d) None of the above

   Choose the correct answer:
 Reserve is an example of
(a) Cost item
(b) Non-cost item
(c) Selling item
(d) None of the above

Cost Accounting

Cost Accounting

K. Alex 1st Edition

Chapter 3, Problem 7

Instant Answer

Step 1

Reserve refers to the portion of earnings, profit, or surplus that a company retains at the end of the financial year instead of distributing it to shareholders as dividends. Reserves are retained for specific future use or general purpose use, such as to Show more…

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Choose the correct answer: Reserve is an example of (a) Cost item (b) Non-cost item (c) Selling item (d) None of the above

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