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Which of the following is a revenue reserve?
Which of the following is a revenue reserve?
مندرجہ ذیل میں سے کون سا ریونیو ریزرو ہے؟
Capital redemption reserve
Security premium account
Capital reserve
None of these
Explanation
Revenue reserves
are created from retained earnings and used for future business needs.
Security premium
account
is a type of revenue reserve generated from issuing shares at a premium.