what are the similarities between provision and reserve?
- 6 Answers
- 13493 Views
- I also Faced
- E-Mail Answers
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
| Is This Answer Correct ? | 5 Yes | 3 No |
Post New Answer View All Answers
What is the Project Accounting in case of Real Estate or Construction Co`s ?
hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
What do you mean by balancing of ledger account?
how to calculate accrued interest on fdr?how to see from bank statement????basic procedure plz advice..
What is invoice processing can u explain it?
What is the abbreviation for the accounting terms debit and credit?
how to create salary and pf statement in excel sheet?
Entries to revenues accounts such as service revenues are usually?
Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?
Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.
We have purchased some good from our vendor and we asked them to transport the same to some address but they have raised a debit note to us for transportation instead of invoice. Same like we have given some order to manufacture for developing that product they have charged some amount for that also they have raised the debit note. How to account these type of debit notes in tally..?
How do you handle rejection?
Do you know offset accounting?
{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?
