umrav


{ City } delhi
< Country > india
* Profession * accountant
User No # 39893
Total Questions Posted # 0
Total Answers Posted # 1

Total Answers Posted for My Questions # 0
Total Views for My Questions # 0

Users Marked my Answers as Correct # 18
Users Marked my Answers as Wrong # 5
Questions / { umrav }
Questions Answers Category Views Company eMail




Answers / { umrav }

Question { OPI Global, 10620 }

Difference between provision & reserve with an example?


Answer

provision are those liabilites that are certain for a
period like that provision for TAX, Insurance, Provision
for salary etc.
Reserve that is made for some uncertain or certain future
incident like that Reserve for plant and machinery

Is This Answer Correct ?    18 Yes 5 No