Corporate Accounting MCQ: In case of electricity companies, contingency reserve is created until it amounts to ….. of the original cost of the fixed assets.

In case of electricity companies, contingency reserve is created until it amounts to ….. of the original cost of the fixed assets.

Correct Answer: 5%

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Corporate Accounting MCQ: In case of electricity companies, contingency reserve is created until it amounts to ….. of the original cost of the fixed assets. | Extra Education