Interested to Buy Any Domain ? << Click Here >> for more details...
WHAT IS THE DIFFERENCE BITWEEN RESERVE & PROVISION?
- 3 Answers
- 8845 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / imran khan
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.The main
difference is a provision always made for meeting
some specific contingencies,like provision for depreciation
etc.But reserves is a part of profit it setaside out of the
net profits earned,and it dont have any special purposes
usually.
But in some cases the there is a restriction regarding the
use of reserves.
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
define drawer or maker
Who is the maker of the promissory note
I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.
Debit Note & Credit Note?
What does my credit score mean?
what is ZBA hold & balance hold in banking?
how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..
barwaha
What is the complete role of a Process executive in Accounts Payable Process ? Please anyone who is an expert in the process answer my question. A reply would help me a lot.
EXPAND_________SEAMEC
Short Answer on ______Budget
is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me
About Funding Working Capital to a Company? A company Turn over is 12 Cr, but in the bank statement credits per month is more that 3 Cr? how this could happen? awaiting your views?
Tell me about how you have left a position better than you found it
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
