Answer Posted / praveen kumar

provisions are charged to p&l a/c but reserves are appropriated from profits of that period. when profits are available then we can reserve some profits but provisions are charged to p&l a/c if there is profit or not. provisions are deducted from relevant asset but reserves are shown in the liabilities side.

Do you have any professional experience in this field?

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India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,

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