what is mean by reserve?

Answer Posted / salma

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 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is cost audit?

1607


What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...

3629


What is dematerialisation and its benefits?

2541


what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?

1791


i want to sit for the written examination held by govt. sector like coal india, ongc for the post of accountant .. qualification ca inter.. plz any1 of u let me know on wht subjects the questions are asked and wht types of questions are asked... plz let me know.. plz

1456






what is crisil?what is the advantage of crisil rating?

3218


You placed an Order for some books but it was not delivered on time or the books were damaged, so are write Complaint Letter to the Shopkeeper about it.

1757


what is capital market and money market? what is primary market and secondary market?

1764


Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet

1576


What is Merchandising Accounting process

1606


What is Risk Assessment?

1523


Short answer on____________Assessment Year

1356


what are the importance accounting entries for AP and AR process in interview..

1159


what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year

2014


i have need full detail of tds rules and forms submitted dovetails

1574