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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
what is mean by reserve?
 Question Submitted By :: Manigandan.p
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is mean by reserve?
Answer
# 1
reserve means amt set aside out of profit and other surplus
to meet future uncertanities
 
Is This Answer Correct ?    16 Yes 0 No
Deepti Nauni
 
  Re: what is mean by reserve?
Answer
# 2
an amount set aside out of profits or other surplus and 
designed to meet contingicies
 
Is This Answer Correct ?    5 Yes 0 No
Sudhakar
 
 
 
  Re: what is mean by reserve?
Answer
# 3
There are same debts which are likely to fall under bad 
debts but we cannot say now that they are bad debts 
there fore a provision is made for anticipate bad debts 
from current year profit
 
Is This Answer Correct ?    0 Yes 0 No
Salma
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
what is the differance between Equity shares and preferance shares? Panacea5
expand I C W A I  2
if anybody tell me difference between DD, PO & Cheques  3
what is the treatment of rent paid more than 10000rs.  1
Expand---------RBTS  1
what are the type of t.d.s. entries ? Wipro1
What is Break Even Point? Capital-IQ14
EXPAND___________LCD  1
what is debit note entry ?  3
What is "investment cash" compared with "current assets cash"?  2
what is depreciation? Genpact38
Expand ________ECM  1
What is Petty Cash Book?  1
why balance sheet should tally  3
what is private sector banking and public sector banking SBI1
Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.  4
Expand---------TMG  1
expand R O C  3
WHAT DO YOU MEAN BY BANK RECONCILIATION STATEMENT AND MIS RERORT  3
how to give the jv for the following transation eg',Our Comapny Name U2 1.cheque recd from customers of Associate Comapany (U1 Ltd):575 on U2(Our company Name).we deposited that cheque in our bank a/c. 2.U1 debited U2 for 575/- passing 1 jv like Due from U2(Our comapnY) dr 575 To collection from Customers cr 575. now how can I recognise both entries and how can i reconsile my BRS... This Receipt is not belongs to U2  2
 
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