WAEC Accounting 2018 Objective — Question 25
Question 25 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.
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The amount set aside out of profits to strengthen the financial position of the business is
- A. provision
- B. reserveCorrect
- C. depreciation
- D. surplus
Explanation
A reserve is an amount deliberately set aside from profit to strengthen the financial position of a business.
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