Teaching BPSC 4.0 बिहार उच्च माध्यमिक शिक्षक भर्ती (PGT) Mock Test Accountancy Depreciation, Reserve & Provision
Which of the following statements is correct in the context of provisions and reserves?
1
Creation of reserves is discretionary.
2
Provisions are an appropriation of profit.
3
Provisions are made to meet an unknown liability.
4
More than one of the above
5
None of the above