Examlex
Regarding specific phobias,which of the following statements is FALSE?
General Reserve
Funds set aside out of profits by a company to strengthen the financial position and to meet future unknown liabilities or losses.
NCI Journal
Journal entries related to Non-Controlling Interest, representing the equity in a subsidiary not attributable to the parent company.
Transfer
The act of moving assets, liabilities, or ownership rights from one entity or account to another.
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