Multiple Choice Questions on According to Companies Act 1956 Secret Reserves can be created by ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

According to Companies Act 1956 Secret Reserves can be created by ........

Accountancy (11th) Chapter-7 Depreciation, Provisions and reserves
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    According to Companies Act, 1956 Secret Reserves can be created by:

    Only Private Company

    Incorrect Answer

    Banking and insurance companies

    Correct Answer

    Only Public Company

    Incorrect Answer

    Companies Registered under Companies Act

    Incorrect Answer
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    Explanation:

    Banking and insurance companies

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