Interested to Buy Any Domain ? << Click Here >> for more details...
what is a difference b/w provision and reserve
- 3 Answers
- 6974 Views
- ABC, OPI Global, I also Faced
- E-Mail Answers
Answer Posted / venkatesh
provision and reserves are maintained under the profit and
loss account only.the main differance bet ween the
provision and reserves are
provision:
Provision is created out of profits for the perticular
purpose of exependiture only.
ex:provision for income tax and provision for depreciation
etc...
Reserves:
Reserves are maintained for the purpose of future
obligations.Those reserves are also different types.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
i m a student of icwai i have just passed out my foundation and i wanna no if i should go for both intermediate group together or not....
why should we are preparing BRS
What are the stages involved while preparing business blue print with examples?
impairment & Amortisation Means
What is Spin-off & spilts
what is composition vat
where does the closing stock appears in the trial balance?
What is the meaning of Debt reconciliation and how to do debt reconciliation?
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
Define control account Thanks
INTE3RNATIONAL ACCOUNTING STD
What Settlement details are required on the delivery instruction slip?
Where to enter bonus and pf esi in tally pls help for me
is it necessasary to make a partnership deed
What do you mean by custodian/Depository, & what are the different types of Depository? (NSDL/CDSL)
