Answer / deepti nauni

reserve means amt set aside out of profit and other surplus
to meet future uncertanities

Answer / sudhakar

an amount set aside out of profits or other surplus and
designed to meet contingicies

Answer / maqbool

A reserve is an also an amount set a side from out of
profit but the amount not for anticipated liability.

Answer / anu

an appropriation of profits to meet unknown events in the future

Answer / 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

Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account

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