are amounts set aside from profits for some liability in the future of which the amount is not certain.

Provisions

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Reserves

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Surplus

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Capital

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Solution

The correct option is A Provisions
Provision is the amount set aside from profits to meet the future liability, the amount which cannot be determined with accuracy but is estimated: E.g, Provision for doubtful debt.

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______ is the amount of profits that are kept aside for expected expenditure.

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