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 are the similarities between provision and reserve?

Answer Posted / mohammed rizwan

provision means the debts which are not covered during the
accounting period.
reserve means the profit which are kept aside for future
purpose is known as reserve.

Is This Answer Correct ?    2 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial

2110


we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.

1790


how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter

1639


Explain what is double-entry accounting? Explain with an example?

1149


formula of reduction in tax credit of vat form 201(gujarat)

4307


i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???

2013


List the type of transactions entered in journal proper.

1232


please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.

2353


Revenue Expenditure

2175


How to calculate Gratuity & when it's applicable to employee after three years or Five years?...

1905


What is accounts receivable?

1167


What do you know about this position?

1169


What is balance sheet and off balance sheet?

1162


in what circumstances it is mandatory to calculate the goodwill.

1795


sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?

1986