difference between provisions and reserves
Answer Posted / srinivas.s
provision is for a specific purpose and Reserve is for a
genaral purpose.for example provision for bad debts and
depreciation, general reserve.
Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
what is a corporate chart of accounts and its purpose?
Tell me the stages of double entry system?
could i know how to accounting lease intrest ?
How many accounting standards are currently published?
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
can i material bill book in miro without vat on transport charges ?
What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
Why have you applied to our firm?
shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
my question is I am finance student I want to know which type of the question are asked by the interwier in interview.
what is tax deducted at source
Explain what is liabilities and what all does include in current liabilities?
if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system
Explain an example of a tough decision you had to make quickly?