what is the difference between provision for bad debts and
reserve for bad debts?
Answer Posted / auspice a budu
provisions are amounts set aside for a specific purpose, eg.
provision for depreciation or bad debt whiles reserves are
amount set aside but not for a specific purpose.
Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
Zee Ltd. uses material—A for the production of Product M. The safety stock of material A is 300 units; the supplier quotes a delivery delay of two or three weeks. If the company uses 500 to 800 units a week according to the activity levels, the re–order level of material–A will be A. 2300 units; B. 2400 units; C. 2700 units; D. 28 units.
Short Answer on __________Accrued interest
What is Split And buy-back?
WHAT ARE EQUITY SECURITIES?
who invented acounts?
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
What is Accommodation Bill
WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?
How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?
how to mention last year profit of ay private limited company in current year balance sheet ?
Short Answer on __________Measurement
how many types of practice accounts?
can i have practical examples of AS-30
plz send me the accounting questions and answers of bank of america.
WHAT IS BANK RECONCILIATION STATEMENT? DIFFERENCE BET PUBLIC COMPANY AND PRIVATE COMPANY? MEMBERS IN PUBLIC CO AND PRIVATE COMPANY? WHAT IS DEPRECIATION?