Interested to Buy Any Domain ? << Click Here >> for more details...
what is difference between provision and reserve ?
- 3 Answers
- 6258 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / rishita
Provision is for a specific future expenses (may or may not
incur) and reserves are the accumulation of profits that
are not distributed
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / vijay ram.s
provision is prepaired beforth net profit calculaton, but
resurves are prepair after calculation of net profit
provisions are not depend on profit,if firm contain losses
also we cen make provisions,but reserves are not like that
when firm get profit then only we cen provide fund for
reserves
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / raghu.aps eveing v b.com
Provision refer s to both thing one is Provisions for
Expenses
and second one Prv for Income
when entry passed for expsenss prov
Expenses account dr
To Expenses payable accounts Cr
for Income
Income receivable Dr
Income Account Cr
| Is This Answer Correct ? | 0 Yes | 0 No |
WHAT IS THE JOURNAL ENTRY FOR PURCHASE RETURNS IN THE BOOKS OF PURCHASER & SELLER
how to see monthly entries in tally7.2
In activity based costing, costs are accumulated by A. Cost objects; B. Cost benefit analysis; C. Cost pool; D. None of the above.
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
What is the TDS ratio applicable on professional fees?
who is the payee of the promissory note
what is authorised capitla and subscribed capital
14 Answers ANZ, Capital IQ, Insurance,
wt is stock split, dividends, rights issues,mergers and acquisitions, and spinn offs?
Discuss the role of cost accounting in managerial decision making?
Expand I B R D
example of aptitude ns
Expand ------NPR
Audit 
