what are the similarities between provision and reserve?
Answer Posted / arun kumar
provision is the amount kept a side for future known
liabilities
reserve is an amount kept a side to face future risk occur
in the business
| Is This Answer Correct ? | 4 Yes | 3 No |
Post New Answer View All Answers
What methods do you use to discover sales opportunities?
What are premises in accounting sense? What is vat adjustment?
how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come
as per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary
What are the uses of journal in accounting?
Describe me accounting rules
how in the big companies the budget are prepared and controlled?
The claim recoverable has been settled with the insurance company for 2000.what is the actual stock lost value? Please give me in calculation.
suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.
give 3 reasons why capital is referred to as a special liability
How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?
Which steps in Procurement to Pay process does FI documents get created.
What accounts are to be debited and credited in this case o
Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.