Question

what do you mean by reserve and provision? What are the different types of provision and reserve ?

Answer 1

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what do you mean by reserve and provision? What are the different types of provision and reserve

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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.

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.Difference between two:-

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.Difference between two:-In the business glossary, provision implies money set aside to cover an anticipated liability or loss. Look the other term Reserve, reserves refer to withholding some amount for any use in future. Provision and reserves are two terms which are highly confused, but they carry different meanings.

Answer 2

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.

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.Difference between two:-

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.Difference between two:-In the business glossary, provision implies money set aside to cover an anticipated liability or loss. Look the other term Reserve, reserves refer to withholding some amount for any use in future. Provision and reserves are two terms which are highly confused, but they carry different meanings.