Accountancy, asked by milapchudasama5, 2 months ago

Distinguish between :General Reserve and Provision.​

Answers

Answered by mahikasultana7
4

Answer:

General Reserve- A reserve is an appropriation of profits for a specific purpose.Reserve is to retain some money from the profit to for any particular future use. 

Provision- the providing or supplying of something, especially of food or other necessities. arrangement or preparation beforehand, as for the doing of something, the meeting of needs, the supplying of means, etc.

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