Q
Which of the following will not lead to creation of secret reserve?
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A
A. Undervaluation of closing stock
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B
B. Charging capital expenditure to revenue
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C
C. Goods sent on consignment being shown as actual sales
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D
D. Charging higher rates of depreciation on fixed assets than actually required
Correct Answer:
C. C. Goods sent on consignment being shown as actual sales
