Which of the following is an example of a 'Revenue Reserve'?
A. Revaluation reserve
B. Securities premium
C. General reserve
D. Capital redemption reserve
Answer: Option C
Solution (By JKSSB Mock Tests)
General reserve is created from revenue profits, hence a revenue reserve. Securities premium and capital redemption reserve are capital reserves. Revaluation reserve arises from revaluation of assets, also capital.
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