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Secret Reserve

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(Querist)
24 November 2008 What is a Secret Reserve and whether it increases financial strength of the company?
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Deepak Agrawal

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Deepak Agrawal (Expert)
24 November 2008 Secret reswerves are illegal / wrong
It is created by providing for expenses in excess amount...

So its not the matter as financial strength as one may not know whether the expense ar provided ficticiously or not
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