what are the similarities between provision and reserve?
Answer Posted / arun kumar
provision is the amount kept a side for future known
liabilities
reserve is an amount kept a side to face future risk occur
in the business
| Is This Answer Correct ? | 4 Yes | 3 No |
Post New Answer View All Answers
What is computerized accounting?
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
could i know how to accounting lease intrest ?
What are the elements of the accounting equation?
HOW CAN WE CONVERT IN CFT TO A ROUND LOG??
What was your most complicated sales cycle in past positions?
in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
what do you mean byrecoupment of shortworkings in royalty accounts
whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
Define overhead in terms of accounting?
How will service tax & excise be charged?
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%