Difference between provision & reserve
This query is : Resolved
17 November 2013
Difference between Provision & Reserve
17 November 2013
Hi,
Provision=Charged to Statement of Profit and Loss i.e. (example Provision for bad debts,Warranties etc.)
Reserve:-Certain amount of profits are reserved for some purpose (example dividend,general reserve)
Provision=Charged to Statement of Profit and Loss i.e. (example Provision for bad debts,Warranties etc.)
Reserve:-Certain amount of profits are reserved for some purpose (example dividend,general reserve)
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