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Byju's Answer
Standard XI
Economics
Foreign Exchange
does not appe...
Question

_______ does not appear in the balance sheet.

A
General Reserve
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B
Revenue Reserve
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C
Secret Reserve
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D
Reserve Fund
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Solution

The correct option is A Secret Reserve
Secret Reserve is not shown but its effects are seen as follows :
a) undervaluation of closing stock
b) charging Continent liabilities as actual liabilities.

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