Question

difference between provision and reserve​

Answer 1

Answer:

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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:

Provision is an amount that a company keeps aside to meet an expected financial liability in future

Reserve is a sum of money set aside from the total earnings of a company to meet unforeseen contingencies.

Explanation:

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