what are the similarities between provision and reserve?
Answer Posted / k.thirumamagal
as devi said provision is charge against profit and reserves
are appropriation of profit. provision is minimum amount
which is set aside by the company to meet the known
liabilities and reserve is set aside to meet the unknown
liabilities.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Do you know executive accounting?
In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer
discuss seperate determination concept
Do you know offset accounting?
What is ERP? Diff b/w Income & Expenditure a/c & P/L a/c? What is the fullform & the application of SAP? What is the reasons where Balance sheet will not tally?
Plant and machinery destroyed for 50000
What is an Automatic Payment Program ?
What is meant by balancing?
HP EMPLOYYES - If any one in HP company, Please give refernce for attend the Accounting Job in chennai,Bpo- chetpet.If any one Worked there Please,Send mail to me Umaiyo@gmail.com.I have 1 year exp in banking sector, & 8 months exp in accounting in SIEMENS, at present I'm searching for a job.If any person see this mail,Kindly send mail to me. Thank U Friend.
whats difference between manufacturing account & cost account
Is buy or sale trade will impact on Nov? Yes/No Please explain.
Recent trends in Corporate Governence?
What is the double entry system explain its rules with examples?
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent