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

reserves

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provisions

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assets

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liabilities

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Solution

The correct option is B provisions
Provisions is the amount of profits that are kept aside for expected expenditure. They are charge against profits.

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Similar questions

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

______ is the part of profits that are kept aside for unexpected expenditure.

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