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 / ashok

Reserve
Reserve is Created to Meet Future Unexpected Exp. or
Liability

provision
provison is Created to meet Expected expenses (but unknown
figure)of Accounting Period in Future.

Is This Answer Correct ?    13 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry

2167


Which Exchange determine Foreign Exchange/Currency Rate?

1920


Short Answer on __________Revenue

1917


sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA

2126


What are the types of journal categories available in the Oracle AP?

2133


are there any sub-types of the 4 main types of bank accounts ?.........if yes what are they?

2451


EXPAND___________INMA

1959


What is Home Loan Modification?

2167


what is Rectification of Errors ?

2225


explain about mergers & aquisitions? asked on 30/7/09

2053


what is organic profit? and how it is calculated?

2237


Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books

2266


Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset

2157


Up to what time we can show TDS Receivables under Advance Income Tax A/c?

2050


A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch

3753