Interested to Buy Any Domain ? << Click Here >> for more details...
DIFFERNCE BETWEEN RESERVE AND FUND?
- 2 Answers
- 6127 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
reserve-
is an amount put separate as reserve from general profits
every year for future problems.
fund-
it is also amount, put for specific purpose only.examples
for bad debts provision, depreciation fund, sinking fund
like that etc.
| Is This Answer Correct ? | 21 Yes | 0 No |
Answer / vikas gupta
Reserve: It is the sum of amount that is created out of
profits gained from the current year for the UNKNOWN NATURE
of losses e.g. Reserve & Surplus.
Fund: It is the sum of amount that is created for the KNOWN
NATURE of losses e.g. provision for bad and doubtful debts,
depreciation fund etc.
| Is This Answer Correct ? | 4 Yes | 0 No |
How time sheets are maintained?
AFTER MY QUALIFICATION WHAT IS THE UNIQUE THING ABOUT ME THAT COMPANIES EXPECT?
what is the job profile for Account Manager.
What is purchasing order?
How a company can purchase materials from any other state without a way bill ?
How do we calculate the cost of investment?
Suppose we are getting a TDS Certificate from our vendor's how can enter the same in our books.
why profit is a liability and loss is an asset?
SIR , PLZ DEFINE 'H' FORM,E1 FORM,D2 FORM
Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.
what is BRS? How to prepare it?
Name three (3) fixed-income security data points, which are different from those provided for equity securities
Audit 
