difference between provisions and reserves
Answer Posted / v.naga jytohi
Provisions means the amount provided for baddebts.
Reserves are contengecies which are provided for losses
occured due to Natural calamities like floods,sunami etc.
Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
Sir, I want to know about Entry Tax. I purchased the Packing Box from other state.the entry tax on the packing items is 5 %.but now sale tax deptt. close the entry tax on barrier. the tax will be deposited with return. sir we want to know can i deposit this entry taxon on CST challan or not. if not then how can i deposit, or which cloumn in return shown this amount. please send the return format my mail ID is happynlg@gmail.com
What are assets minus liabilities?
what is casual receipt? is it exmpted in income tax?
Mention the types of ledgers?
What qualification do you need to become an accounting professional?
What was your most complicated sales cycle in past positions?
Why does the accounting equation have to balance?
Tell me what does the investment of personal assets by the owner will do?
What is a cpa?
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
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
What is the tds effect in balance sheet if tds receipts?
what is your opinion regarding T.V shows on youth
Tell us what inspired you to move to the next opportunity?
on the basis accounting,acounting is divided in to how many classes and what are they?