Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

WHAT IS THE DIFFERENCE BITWEEN RESERVE & PROVISION?

Answer Posted / g.ravi

Provisions are those where the liability existance is
certain, but the amount of liability cannot be determined
with substantial accuracy.

In case of reserves, the liability is not known. but some
amount of profits are kept aside for meeting the
contingencies that might become actual liabilities.

Is This Answer Correct ?    29 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

define fixed assets

1887


What are the major responsibility's of an accountant? what are the qualities he /she requires?

2114


How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?

2944


what is duties and responsibilities for clark working in sbi

2248


what is differred tax liability? explain in detail with some example.

2988


how can i make configration relation with inflation in sap

1916


What three Specific Job Positions do you target from the Industry

2479


Can anyone plz. tell me where can i get the proforma application for DAO.I have tried all the links but i couldn't find any application proforma in the notifications.

1905


Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

2081


My name is Tasha actually I had put my file for Australia PR on basis of Hairdresser, and I have shown my qualification of 10th passed, but I done my B.Com with Accountancy, and presently I am working as Accountant,Now I want to put up my file for Australia Student is it possible, and my age is 36 yrs, I had already given my IELTS (Academic) and I have scored 6 bands, but its period has been expired,please give me some answer what to do next.

2323


What is meant by consignment

2113


is it necessasary to make a partnership deed

2933


how can i make transaction related to inflation account in sap ?

2056


Expand----------MTSC

2184


What is the working formula for Working Capital Turnover

2131