Question

what do you mean by reserve and provision in accounts.​

Answer 1

Answer:

A reserve is an appropriation of profits for a specific purpose. The most common reserve is a capital reserve, where funds are set aside to purchase fixed assets. ... In short, a reserve is an appropriation of profit for a specific purpose, while a provision is a charge for an estimated expense.

Explanation:

Answer 2

Explanation:

A reserve is an appropriation of profits for a specific purpose. The most common reserve is a capital reserve, where funds are set aside to purchase fixed assets. ... In short, a reserve is an appropriation of profit for a specific purpose, while a provision is a charge for an estimated expenses

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