Answer Posted / vivek kanna
PROVISIONS are maintained by the company in order to face
the future uncertainities for example provision for bad
debts,provision for depreciation so on.provisions will be
charged to p&l account before arriving net profit,and the
amount charged is used for specific purpose only that is
provision for bad debts can be used for the bad debts
unrecoverd etc.
on the other hand RESERVES are maintained to meet the
future necessites.The Reserves are charged after arriving
profits and can be used by business for any purpose example
payment of dividend,redemption of debentures so on.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is inter-corporate deposits? and where it is shown in balance sheet?
AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE
Can v transfer trail balance to journal entry how and with example?
What is Insider Trading ?
how to prepare HSD statements in tally
what is finance what is bpo why do u want join a BPO types of process in BPO Company's
If income and expense both are equal then what it depicts
3.In TALLY,we used to call tally erp 9.like that,in sap we used to call SAP ECC 6.0.here what is ECC?,i know the abbreviation of ECC.i want to know the role of ECC?
Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com
please specify some books name in preparing a bank exam apttirutude questions
What do you define in customizing for the payment program? FBZP (Any 2 Answer) • Bank subaccount ( BANK DETRMINATION SCREEN. ACCOUNTS) • Forms of the payment media ( PAYING COMPANY CODE) • Available amount (BANK DETERMINATION, AMOUNTS) • Assignments for the profit center • Prerequisites for the debit balance check
honararium for the month of march 2013 can be paid on 31 mar 2013
What is outsider equity and time interest period ratio?
who invented acounts?
what do you mean by financial analysis and technical analysis ?
