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  3. which statement relating to reserves is not true?

which statement relating to reserves is not true? a. They represent cash set aside to...

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Accounting

which statement relating to reserves is not true?

a. They represent cash set aside to be drawn on in hard times

b. they represent items of equity other than share capital.

c. retained earnings is a type of reserve account

d. when a non current asset is revalued upwards, a revaluation in created

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