Answer Posted / bhagya

Provision
we are creating provision for expenses which are going to
occur in future we do not konw the exact future expenses

Reserve
out of profit some protion of allotted as a reserve balance
are distribute as a dividend to shareholders
this reserve use for future business investment

Similarities between provision & reserve we are allocating
some amount ie., unknown amount (Unknown exp., or unknown
purpose of reserve creating (fe.,)we do not know the
investment amount

What is mutual fund sub accounting?

1093

---

we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?

2042

---

Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?

2203

---

what is the enty for contract bill raised?

2414

---

Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?

1909

---

How Many Accounting Principale

1760

---

How you can adjust entries into account?

1168

---

Define fair value accounting?

1065

---

WHAT ARE THE DIFFICULT ELEMENT OFF JOB

2150

---

Explain an example of a tough decision you had to make quickly?

1016

---

Explain what is bad debt expense?

3996

---

capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?

1555

---

Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me

1666

---

suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.

2276

---

What is definition of a cash float in accounting?

1162

---