what are the similarities between provision and reserve?
Answer Posted / bhagya
we are creating provision for expenses which are going to
occur in future we do not konw the exact future expenses
out of profit some protion of allotted as a reserve balance
are distribute as a dividend to shareholders
this reserve use for future business investment
Similarities between provision & reserve we are allocating
some amount ie., unknown amount (Unknown exp., or unknown
purpose of reserve creating (fe.,)we do not know the
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