WHAT ARE THE DIFFERENCE BETWEEN RESERVES AND PROVISIONS?

Answer Posted / manjari

Reserve means some amount allovated from profit for an unexpected expenses. Like compensation to employee.

Provisions means out standing expenses payable by company. Ex rent payable.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the difference between sap and sas?

3339


reason for difference in Balance sheet (Asset side & Liabilites side)

1560


WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?

1672


I need all WNS interview questions

939


company accounts introduction?

2210






What is revaluation of assets.when it occurs

1638


Expand BEMS

1873


What is the Technology used to carry out trades?

4100


plz send me hsbs finance questions asked in the interview ans appitude also

2104


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

2007


when apply for ragistred in central excise no

1400


can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com

1636


What is fixed liabilities

1550


3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

1608


I was born on 4th may 1981 iam i eligible to apply for SBI clerical job vacancy

1682