nadeem


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< Country > india
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Question { HP, 8125 }

WHAT ARE THE DIFFERENCE BETWEEN RESERVES AND PROVISIONS?


Answer

Reserves are the balance which is reserved by the co for the
further planning of the business and surplus profit is taken
under Reserve and surplus account.

But Provisions are thos balances which are prepared for
unexpected losses in future like Bad debts, bad debts
written off...

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