Interested to Buy Any Domain ? << Click Here >> for more details...
difference between provisions and reserves
- 6 Answers
- 11320 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answer Posted / srinivas.s
provision is for a specific purpose and Reserve is for a
genaral purpose.for example provision for bad debts and
depreciation, general reserve.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
IS METHODEX IS GOOD INSTITUTE FOR SAP FICO MODULE TRAINING. IS IT IN BANGALORE OY HYDERABAD.
How use Budget in SAP, i want to see the report of variant between budget and actuals.
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.
Hey can any body tell me..What are negative assets?
Productive Investment is Working Capital. Is it correct?
What is difference vat
Tell me the meaning of long-term notes payable is or long term liabilities?
how many view the tally backup erp9 after the tally backup in tally
What is double-entry accounting? Explain with an example?
What is the difference between consigner and consignee?
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?
Do you know partitioning in accounting?
i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u
