In which section of a balance sheet would a general reserve be found?
A) Current Assets
B) Current Liabilities
C) Non-current Assets
D) Shareholders' Equity

Name: In which section of a balance sheet would a general reserve be found? A) Current Assets B) Current Liabilities C) Non-current Assets D) Shareholders' Equity
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Question

Quizplus · Accepted Answer

A general reserve is a component of shareholders' equity, as it represents funds set aside by a company to cover future contingencies or losses that may impact the business.

In Which Section of a Balance Sheet Would a General