Please explain the difference between provision and reserve?
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8 Answers KPSC Karnataka Public Service Corporation,
In excise one dealer gives us two invoice. one is only tax invoice and other is duplicate for transporter.and both are are the different serial no so in which bill is posted in accoounting transactions.
if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.