What is provision and reserve and how u treat in account
Answer Posted / imtiaz ahmad
Provision is kept for those losses and liabilities which
are certain, but the excat amount can not be accertained.
e.g Provision for bad debts.
Reserve is kept for those items which are not certain.
Is This Answer Correct ? | 37 Yes | 8 No |
Post New Answer View All Answers
Hello... i am looking jobs in investment banking, derivates and BRS and i apply nakuri,Timesjobs and monster. But i did not get the job. so if websites and ID. Please help me.. Thanking u...
.,can someone tell me how to compute the subscribed capital share?
With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?
EXPAND______________ICT
I want to know with example of vat & Salestax
Expand---------BPCD
company accounts introduction?
how Mis reports are used?n why it is used ? explain
is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?
While selling fertilisers can we charge VAT on excise duty.
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..
What's the meaning of Preferential Creditor?
what is Tds %,Service tax %,Cess %,and ESI,PF %,and what is the use of this.
What is revaluation of Accounts, how does it is accounted in business
what is the system of accounting and banking in cooperative bank?