If any reserve is created for definite purpose, it is known as --------------

------------ is shown under the head Reserves & surplus on the liability side of balance sheet

spot out the odd one and state reason

------------ refers to the amount retained by way of providing for a definitely existing liability whose amount cannot be determined accurately

Obsolescence means fall in the value of assets due to

Which of the following assets is normally assumed not to be depreciated

Depreciation arises because of

Find out the odd one and state reason

The reserve that is created out of profit to meet any unforeseen contingency is called --------------- reserve

If any amount is set aside for a known liability of which the amount can be determined it is ----------