Answer Posted / vikas gupta
Reserve: It is the sum of amount that is created out of
profits gained from the current year for the UNKNOWN NATURE
of losses e.g. Reserve & Surplus.
Fund: It is the sum of amount that is created for the KNOWN
NATURE of losses e.g. provision for bad and doubtful debts,
depreciation fund etc.
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?
Define public accounting?
In accounting, are assets a permanent account?
In South Africa, the value added tax is administered by?
What is deferred account?
give me examples of the accounting reports you have prepared
explain me what steps would you take to increase revenue for this company?
What do you mean by ledger posting?
Tell me in accounting, how do you define premises?
Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs
Tell me do you have any professional experience of this field?
WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"
Journalise- opened a saving a/c with S.B.I. ?
accounting principles, accounting concepts,meaning of managment and financial accounting and cost accounting.
What is the diffrent job&project accounting?