Question

define reserves. how does it differ from provisions​

Answer 1

Answer:

A reserve is an appropriation of profits for a specific purpose. In short, a reserve is an appropriation of profit for a specific purpose, while a provision is a charge for an estimated expense.

Answer 2

Answer:

reserve is an appropriation of profits for a specific purpose. In short, a reserve is an appropriation of profit for a specific purpose, while a provision is a charge for an estimated expense. ...

Explanation:

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