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...

Define Reserve & Provision?

Answer Posted / vellingiri

Reserve:
Reserve is created out of the profit of a company for the
purpose of distribution of divident and redemption of
shares/debentures etc.

Provision;
Provision is created for a particular purpose for
example income tax provision. So that particular provision
can be utilized for that particular purpose.

Is This Answer Correct ?    32 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how we will prepare n file income tax returns for individuals?explain

2253


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

2981


How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)

2866


Expand RMP

2380


a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting

2123


What is meant by Revenue Loss

2151


define accounting,scope of account , types of account ?

3647


please tell me questions asked in NICMAR for the post of accounts executive

4067


If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.

2319


WHAT IS CORPORATE ACTION?

2218


How can a company reduce profit

2066


Pls Explain Accounting Standered 1,3,11,29

2392


Expand---------BPCD

2084


We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?

2384


Under the accrual basis of accounting incomes are recognised at the time -------------------

2244