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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question 
Define Reserve & Provision?
 Question Submitted By :: Lokesh Khintolia
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Define Reserve & Provision?
Answer
# 1		 
reserve is a part of divedent which company kept for itself for future growth and expansion.
 
Is This Answer Correct ?    0 Yes 1 No
Adit
 
  Re: Define Reserve & Provision?
Answer
# 2		 
Reserve:
 Reserve is created out of the profit of a company for the 
purpose of distribution of divident and redemption of 
shares/debentures etc.

Provision;
      Provision is created for a particular purpose for 
example income tax provision. So that particular provision 
can be utilized for that particular purpose.
 
Is This Answer Correct ?    0 Yes 0 No
Vellingiri
 
 
 

 
 
 
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Who prepare income and expenditure account and for what? Scope-International6
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Diffrence between cost, financial and management accounting  2
Explain sensex?  2
The liabilty positions of 1.sole proprietor 2.Partnership 3.Company  1
what is profit & loss A/c? difference between income & expenditure A/c  2
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tell me something about urself? Accenture24
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expand I M F L  1
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Expand A O  2
tell about friendship Genpact15
WHAT IS MAT? PL. DON'T GIVE BRIEF NOTE.  3
expand I T C  5
What is stock transfer? for ex: if i purchase a product in chennai and i tranfer it to our branch which is in bangalore. shall the blr office can bill the product to their customer in blr.(purchse frm chennai and bill in blr office is possible? ICAI2
what is different between expenses (direct) and direct expenses?  6
 
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