secret reserve is the answer
capital is a fixed liability and closing stock should be shown in asset side of the balance sheet
screct reserve is not shown in the balance sheet. The term secrect reserve refers to a reserve the existence of which is not disclosed in the balance sheet.
Explanation:hope it will help you
secret reserve is not shown in balance sheet
they are usually settled in with the current liabilities of the company which takes over the other company. hence it is not shown in balance sheet because it is balanced in the realisation account
(a) revenue reserve
(b) general r...