Answer / gangadhar

A secret reserve is created by the following methods:

1. By under valuation of assets much below their cost or
market value, such as investment, stock in trade, etc.

2. By not writing up the value of an asset, the price of
which has permanently gone up.

3. By creating excessive reserve for bad and doubtful debts
or discount on sundry debtors.

4. By providing, excessive depreciation on fixed assets.

5. By writing down goodwill to a nominal value.

6. By omitting some of the assets altogether from balance
sheet.

7. By changing capital expenditure to revenue account and
thus showing the value of assets to be less than their
actual value.

8. By overvaluing the liabilities.

9. By the inclusion of fictitious liabilities.

10. By showing contingent liabilities as actual liabilities

Answer / dayal singh

suspense a\c

define SWOT?

0 Answers   RBI,

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One of the measures taken by RBI, open market operations in order to control credit expansion in the economy means?

0 Answers   Bank of Baroda,

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Name the highest civilian award in India?

0 Answers   IBPS, RBI,

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What is the difference between primary and secondary market?

0 Answers   SEBI,

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When were banks nationalized?

0 Answers   RBI,

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Tell something about Public Finance?

0 Answers   State Bank Of India SBI,

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Tell something about MGNREGA?

0 Answers   RBI,

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What is E-Governance?

1 Answers  

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What is the difference between balance sheet and the income statement?

0 Answers   BlackRock,

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State the difference between Sales Tax and VAT.

0 Answers   IBPS, State Bank Of India SBI,

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Why do you want to work for NABARD?

0 Answers   Nabard,

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What are the functions of SEBI?

0 Answers   SEBI,

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