Challenger App

No.1 PSC Learning App

★
★
★
★
★
1M+ Downloads
.........is created for meeting unknown future losses

AReserve

BDepreciation

CProvision

DSinking Fund

Answer:

A. Reserve

Read Explanation:

Reserves are created to meet unknown or future contingencies.


Related Questions:

--------is created for the replacement of fixed assets or repayment of long term liabilities.
Errors other than Errors of Principles are generally called as errors
comparison of financial position of one accounting period with that of the past is possible when ......concept is followed
Expenses incurred in purchasing goods bringing them to the business and making them fit for sale is
The special type of accounting procedure followed by district wholesale cooperative store is