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Answer Posted / ami
provision is made for such type of accounts in which we
have doubt to be loss and company prepares iteself for
suffering this loss by which company doesnt have to face
financial music.where as reserve is made for the investors
who invest thier money in the company incase a year company
suffers loss that time in the market company has to save
its image despite of loss company has to pay dividend to
thier investors bywhich thier trust on the company can be
maintained and this amount is paid made reserve.
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what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form
