Interested to Buy Any Domain ? << Click Here >> for more details...
What is provision and reserve and how u treat in account
- 13 Answers
- 57633 Views
- Accenture, ASD Lab, Capital IQ, Ramky, I also Faced
- E-Mail Answers
Answer Posted / khalid eqbal
Provision is an amount of money set aside from the
company's profit for unexpected liabilities for example:
provision for bad debt (a debtor who migh not be able to
make paymentsm then that would be a liability on the
company). I t is shown on the liability side of the
Balance Sheet or for bad debts then is take from the
companies assets
Reserves are not funds set aside like Provisions but
reserves are distributed in ways of dividends shares or
bouns
| Is This Answer Correct ? | 0 Yes | 3 No |
Post New Answer View All Answers
what is the cost and financial accounting? what is double entry system ?
DESCIBE EXPORT PROCEDURE
Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed
Short Answer on __________written Down value
what is purchase consideration? How does it come about and how is it treated in the books?
What is the Accounts Payable & Accounts Receivable ?
hi this is sharath,from hassan ,karnataka.,., i am caled for t interv on 28th may 2009, 12 noon, at foll location.,. STATE BANK OF MYSORE STAFF TRAINING CENTRE 104/105 7TH MAIN ROAD JAYALAKSHMIPURAM MYSORE-570012. anybody who is also attendin the same interview please reply me .,.,. i am in my final yr BE EnC,MCE hassan, i wold like to know more about the interview .,., please do reply.,.,. yours friendly, sharath kumar, sharath.syss@gmail.com
Breif notes about accounting standards
What is Purchase Requisition means? Why we used this in MM Module in SAP? what is t.code of it?
what is new updates in account
i have completed my MBA with finace background. am intrested to learn oracle finace.can you suggest me which are good instittues in hyderabad.at area wise.
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
what is the difference between Assets Allocation & Security selection?
How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment
Expand---------ODMT
