Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Difference between Provision & Reserve?

Answer Posted / sandhia

Provision is a charge on profit where as reserve is an appropriation of profit.
Provision is created on known liability where as reserve is created on unknown liability.
Provision is created even if there is no profit where as reserve is created when there is enough profit.

Is This Answer Correct ?    6 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How can you actualize cah flows of 5 years at 8%

2125


Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question

2107


what is account & what is finance

2220


Explain the word Liquidation

2020


Expand--------SOT

2286


PO Amount is 100000 Jv is Purpose A/c To Party A/c First payment is 10000 TDs is 1000 What is the Payment enter in tally

2199


What is combination?

2120


Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

2124


a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting

2058


what are the payroll procedures?

2214


which Electrical items is Exciseible

2250


what is a depository?

2773


I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T

2515


3.In TALLY,we used to call tally erp 9.like that,in sap we used to call SAP ECC 6.0.here what is ECC?,i know the abbreviation of ECC.i want to know the role of ECC?

2217


what is sevice tax? on what service tax is applicable. explain with examples?

2253