Item to be included in reserve & surplus ?

Capital redemption reserves

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General reserve

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Securities premium

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All of the above

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Solution

The correct option is D All of the above
Reserves are created out of undistributed profits. It may be in the form of general reserve or capital reserve.
Reserves and Surplus are a part of the Balance Sheet and includes Capital Redemption Reserve, General Reserve, Security Premium etc all are shown.

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