Interested to Buy Any Domain ? << Click Here >> for more details...
DIFFERNCE BETWEEN RESERVE AND FUND?
- 2 Answers
- 5846 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
reserve-
is an amount put separate as reserve from general profits
every year for future problems.
fund-
it is also amount, put for specific purpose only.examples
for bad debts provision, depreciation fund, sinking fund
like that etc.
| Is This Answer Correct ? | 21 Yes | 0 No |
Answer / 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 |
What are time sheets? How are they maintained?
how to deduct tds on pension with examples
4 Answers Chartered Accountant,
How do caculate goodwill of a company?
What are the three factors that can affect your cash flow and business profitability?
What is the last date of submitted of individual itr and Balance sheet, and company itr and balance sheet?
what is capital expenditure
how to pass journal entry for credit card a/c in tally erp 9 How to generate in tally erp9 for credit card account new
if the current ratio is 0.5 what is the impact of working capital
what is runing finance?
What is vendor?
what is journal entry for the credit sales and purchases
We may get profit or loss from business. If so we can name the statement as Profit or Loss account. But since a long time we are naming it as Profit and Loss account. Why?
Audit 
