Answer Posted / ami
provision is made for such type of accounts in which we
have doubt to be loss and company prepares iteself for
suffering this loss by which company doesnt have to face
financial music.where as reserve is made for the investors
who invest thier money in the company incase a year company
suffers loss that time in the market company has to save
its image despite of loss company has to pay dividend to
thier investors bywhich thier trust on the company can be
maintained and this amount is paid made reserve.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
Indian Iran Gas pipeline
if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?
EXPAND___________IMA
tell me about roll model as father
what is a reducing balance method and depreciation fund investment method and 2 diffrences?
i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???
why you want to join the banking and finance industry?
when apply for ragistred in central excise no
What is the content of purchase order? n content of voucher? what is the main use of voucher.
Expand-------BANT
What Question ask in MARKIT Company?
EXPAND______________ICT
sir i'm having exp as a HR-Recruiter, now i'm willing to work in other areas of HR.Is learning of accounting courses such as (Payroll mgmt,TDS, service tax, vat, provident fund, gratuity fund, Tally ERP.9 )is necessary? if so, kindly guide me what all accounting courses i need to study to work in other areas of HR. or what are the qualifications required to work in other areas of HR? 2)one of my friend would like to know the job profile for Finance admin..
Expand ----------GIDB
