Which of the following is not capital reserve it:

Here is a brief explanation of each option:

• Premium on the issue of shares: This is the amount that is received by a company when it issues shares at a price above their nominal value. It is a capital profit, and is treated as such.
• Profit prior to incorporation: This is the profit that a company makes before it is incorporated. It is a capital profit, and is treated as such.
• Equitable dividend reserve: This is a reserve that is created to provide for future dividends. It is a capital reserve, and is treated as such.
• Profit on sale of fixed assets: This is the profit that a company makes when it sells fixed assets. It is a revenue profit, and should be treated as such.