Why the provision is considered as expense and reserve is considered as liability even if they both are allocated as precautionary for specific and general purpose? pls Explain.

1 Answers  

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What is the entry for closing stock value reduction?

0 Answers   ICICI, ICS Integrated Computer Solutions,

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which voucher is created when cash is withdrawn from bank for office use?

2 Answers  

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What is the Difference Between Limited Co. and Pvt. Ltd. Co. ?

4 Answers   ASD Lab,

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What is MIS report and Expalain with Explamples by using MIS format

4 Answers  

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WHAT WILL BE ENTRY IF COMPANY PURCHASE A DOG FOR SECURITY PURPOSE?

3 Answers  

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question paper pattern of factset

1 Answers   Capital IQ,

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What does it mean to do accounting training outside of public practice?

0 Answers  

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whah is price earning formula?

9 Answers   FactSet Systems,

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purchasing of software more than Rs.8000/- will be treated as expense or assets

9 Answers   ASD Lab, Dominos,

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WHAT IS JOINT PRODUCT AND BY PRODUCT

1 Answers   FCI,

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What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).

0 Answers  

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