difference between amortization & provision & reserves
This query is : Resolved
21 May 2009
anybody can explain me the difference between amortization & provision & reserves ?
21 May 2009
Amortisation :
In business, amortization is the distribution of a single lump-sum cash flow into many smaller cash flow installments
In business, amortization is the distribution of a single lump-sum cash flow into many smaller cash flow installments
21 May 2009
REserve are made for Future safety and provisions are made for future expected liability.
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