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...

What is provision and reserve and how u treat in account

Answer Posted / sripalbasava

reserve is the part of the capital of the company
provision is an amount set aside out of profits

Is This Answer Correct ?    60 Yes 20 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand SOIT

1889


My BASIC Salary is 18,000

1789


what do u mean by arrear basic or arrear hra?

3817


WHAT IS CORPORATE ACTION?

2137


Explain about Fluctuating Capital

2590


Expand-----RTD

2050


my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.

1927


i am the student of icwai (intermidiate) What is the tds and how use the different state ..

2101


What are the benefits ofparticipation in a depository?

2020


how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..

2025


what are the customization u have done in sap mm

2278


Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations

2210


Why in partnership fundamental question will add Partnership salary for the year and per month salry add in the cr. Side of the p/l app a/c

1835


Debit Note & Credit Note?

2201


Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry

2192