GCE Accounting 2025 Objective — Question 25
Question 25 of 60 from the General Certificate of Education (GCE) Accounting 2025 Objective paper, with the correct answer and a full explanation.
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A fund set aside out of profit and other surpluses to strengthen the financial position of a business is
- A. capital
- B. Debentures
- C. premium
Explanation
Reserves are funds set aside from profits to strengthen the financial position of the business.
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