Home » Accounts (Principles of Accounts) » The amount set aside out of profit for a specific purpose isThe amount set aside out of profit for a specific purpose is The amount set aside out of profit for a specific purpose is A. provision B. reserve C. depreciation D. depletion Correct Answer: Option A Explanation Related Posts The subscription paid in advance is treated in the balance sheet of a club as? Payment for shares in excess of amount offered gives rise to If a monthly insurance premium is remitted to a company by the state government, the… The gross profit on manufacture is? Which of the following is not found in the personal ledger? Which method of pricing can be used satisfactorily in either a rising or falling price…
