Interested to Buy Any Domain ? << Click Here >> for more details...
what is provision what is the difference between provision
& reserve
- 4 Answers
- 8139 Views
- IBM, Sand Martin, I also Faced
- E-Mail Answers
Answer Posted / naveen kumar
provision:provision usually means any amount written off or
retained by the way of providing depreciation, renewals or
diminutions in the value of assets or retained by way of
providing for any known liability of which the amount can
not be determined with substantial accuracy.
reserves: that portion of current earnings set aside to
take care of possible future losses or for other specified
purpose.
difference:provision is charge against profits while
reserves is an appropriate of profits.
creation of reserves increase proprietor's fund while
creation of provisions decrease his funds in the business.
| Is This Answer Correct ? | 9 Yes | 2 No |
Post New Answer View All Answers
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
Mention in simple terms what is the difference between asset, equity, and liabilities?
What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.
Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00
how to geting finished goods cost with included it's all BOM and all production order cost in sap?
have you ever been involved in an invoice dispute? How did you manage the problem?
WHERE WE CAN USE VAT 5%,14.5%
is it related to b.com syllabus or puc syllabus
Where a cash discount should be recorded in a journal entry?
can we adjust margin money paid to bank to open a Bank Guarantee in stock statement while calculating Drawing Power
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.
what is the minimum & maximum amount paid by company per day
