Interested to Buy Any Domain ? << Click Here >> for more details...
What is provision and reserve and how u treat in account
- 13 Answers
- 57658 Views
- Accenture, ASD Lab, Capital IQ, Ramky, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / khalid eqbal
Provision is an amount of money set aside from the
company's profit for unexpected liabilities for example:
provision for bad debt (a debtor who migh not be able to
make paymentsm then that would be a liability on the
company). I t is shown on the liability side of the
Balance Sheet or for bad debts then is take from the
companies assets
Reserves are not funds set aside like Provisions but
reserves are distributed in ways of dividends shares or
bouns
| Is This Answer Correct ? | 0 Yes | 3 No |
Answer / rajani
reserves are made out of profits( can be made only when
firm is in profits)
and provisions are charged to P and l account
| Is This Answer Correct ? | 28 Yes | 36 No |
Answer / sourabh jain
Provision is above the line item
&
Reserve is below the line item....
| Is This Answer Correct ? | 5 Yes | 24 No |
What exactly is derivatives segment. can u explain futures and options with examples...
Does NAV go up or down when dividend are declared on Mutual funds?
How you implemented a chargeback system?
This is a managerial finance question on capital structure - My capital expenditure is 40mil, and my forecast retained earnings are 15mil, my targeted capital structure is a debt ration of 40%. What is the amount of dividends and new common stock that the company will issue.
HIREPURCHASE VS INSTALMENT PURCHASE
Depreciation
9 Answers Genpact, Ramel Industries,
What is the treatment of partners salary in profit and loss account.
Expand CCA?
How are fund-raising and publicity and management and administration costs apportioned over funds?
Dear Sir, an employee going to leave his job and the employer giving him 3months salary of Rs. 45000, and giving 95000/- aginst full & Final Settlement . so tell me how i pass the entry.
what is marginal cost?
We are an educational institution head office in chennai. We don't have Tin Nos. Sales Tax nos, and CST Nos. we have only Service tax nos. if i purchase a computer in chennai and i transfer it to our institute which is in bangalore.Is it possible. what are the documents required for this.
Audit 
