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Balances mentioned below are appropriated from profit. State whether it is reserve or provision:1. Bad debts reserve2. Debenture redemption fund3. Depreciation fund4. Workers accident compensation fund5. Discount reserve on debtors6. Dividend equalization fund7. Capital reserve8. Workers profit-sharing fund9. General reserve10. Capital redemption reserve |
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Answer» Reserves : (2) Debenture redemption fund Provisions : (1) Bad debts reserve |
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