Define Reserve & Provision?
Answer Posted / ashok
Reserve
Reserve is Created to Meet Future Unexpected Exp. or
Liability
provision
provison is Created to meet Expected expenses (but unknown
figure)of Accounting Period in Future.
| Is This Answer Correct ? | 13 Yes | 6 No |
Post New Answer View All Answers
why do you want to work here?
What is outsider equity and time interest period ratio?
what types of essays are giving in bank of america. can any one tell the opics? LAVANYA
A sample book on interviews is ready for free circulation with 7 chapters i.e Journal entries helpful for various occassions,Terminology,Abbreviations,Test your terminology,Multiple answers, Fill in blanks and Income tax send your requisition for Free Book Immediately to satyaki_raju@yahoo.co.in
Expand-------NAC
Why in partnership fundamental question will add Partnership salary for the year and per month salry add in the cr. Side of the p/l app a/c
what are the accounting ratios
after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...
EXPAND___________NAC
can we get all interview questions with answers in tally 9 which mostly asked in MNC's.
i want the difference p&l a/c and Income and expediture statement
plz send me the accounting questions and answers of bank of america.
What is back value adjustment/correction in Nostro Reconciliations?
Expand---------MDOT
what is Contra Asset?