Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Difference between reserves for bad debts & provision for
bad debts.

Answer Posted / navaneeth

Reserve is an appropriation on profit and created only if
company earns profit and shown in profit and loss
appropriation account.

Provision charged against profit and created either earn
profit or incur loss and shown in profit and loss account.

Is This Answer Correct ?    13 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Please would you provide me with a defenition of Cycle count tolerance ? Thank you

1998


Explain how you can adjust entries into account?

1175


please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?

1845


Wha is difference between expenses and expenditure

1828


my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???

1416


How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power

1727


Tell me what are the three factors that can affect your cash flow and business profitability?

1041


What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,

1947


Knowing what you know now, walk me through what you would do differently to drive even more success?

1028


Do you know overhead in terms of accounting?

1102


sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example

1904


Which accounting application you prefer most and why?

1152


if company give the purchase order worth of 10,000 (INR) in advance, but the seller only sell around 8,000 (INR)and remain ing Rs 2000 return to the company, so how to deal with this scenario in accounts payable in oracle, can u hide to me

1836


Explain what is balance sheet?

1105


Explain what makes a successful account manager?

1041