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WASSCE
Use the following information to answer questions 23 and 24.
| Le | |
| Sales | 120 000 |
| Purchases | 100 000 |
| Opening stock | 10 000 |
| Closing stock | 20 000 |
The amount set aside out of profits to strengthen the financial position of the business is
A.
provision
B.
reserve
C.
depreciation
D.
surplus
Answer: B
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