Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between reserves & provisions and
accumulated reserves & surplus
- 2 Answers
- 5193 Views
- Neel, Wipro, I also Faced
- E-Mail Answers
Answer Posted / madhulika2011
Difference between Reserves & Provisions.....
Reserve is to strengthen the financial position and to meet future unknown losses and liabilities.
Provision is to meet known losses and liabilities the amount of which is not certain.
Difference between Accumulated Reserves & Surplus......
Accumulated reserves which a company has put aside over a period of years.
Surplus is when there is an excess supply of a product. Prices are driven down by surpluses.
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
what is basic general accounting.
What will be a entry for TDS deducted on Salaries, Directors Remuneration and Rent.
How the Depreciation will calculate in Company?
Explain what is liabilities and what all does include in current liabilities?
A non-function currency claim:- Employee while updating a non functional currency claim the system uses the period end rate i.e. any claim pertaining to the period 01Aug - 25th Aug. the system uses the period end rate as of July 31st. (2) Also, what is the basis of using the period end rate not the average rate for expenses claim. Can you please clarify my question.
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
Entry Tax is Central Income or State Income. Which Challan this tax deposited ? In Sale Tax Return which column is shown this tax
how to calculate the per unit cost of production
Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect
At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.
What is band and why the company needs this?
What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings
Tell me do you possess any knowledge about accounting standards?
how will rectify the error in trial balance.
how many types excise audits and when they are applicable to firm
