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ACCOUNTING FOR RESERVES AND PROVISIONS
short and Medium Type Questions
State whether each of the following is Provision or Reserve :
(1
) Outstanding wages 500.
ü) Interest on investments accrued but not received 1,000.
Gü) Transfer of 1,50,000 for constructing a building.
liv) * 5,000 kept for redemption of liability.
(0) Tax liability estimated for the year * 10,000.
1 State whether each of the following is Revenue Reserve or Capital Reserve :​

Answer 1

Answer:

She smiles after receiving her US$ 15 (700 Indian rupees) cheque under the Janani Suraksha Yojana (Motherhood Protection Scheme)

Answer 2

Answer:

दूध से दही को अलग करने की विधि सेंट्रीफ्यूजेशन है। 1. सेंट्रीफ्यूजेशन एक अपकेंद्रित्र, या एक उपकरण का उपयोग करता है जो इस प्रक्रिया को तेज करने के लिए तेजी से स्पिन कर सकता