Question
Provision and Reserve
Answer :
Word Count : 157
| Basis of Comparison | Provision | Reserve |
|---|---|---|
| Meaning | A provision is an amount set aside to cover a known future liability or expense. | A reserve is an amount set aside from profits to strengthen the financial position or meet future contingencies. |
| Compulsory or Optional? | Mandatory as per accounting _______ ________ ____ _______ _____ _________ ___ _____. ____ _____ ____ ________ _________. ________ _____ _____ _____ _________ ________ ___ ___. ___ __________ _______ ___ ________ __________ ________ ______ __________. _________ _____ __________ __________ ______ _______ ______ _________ ____. ___ __________ _________ ___ _________ ___. ______ __________ _________ _______ _______ ___. _____ ___ ___ ___ ________ __________ _________ __________ _______ ________. ______ ______ _________ ___ ___. __________ ________ _________ _______ __________ __________ ______ ___ __________ _______ ______. ______ ____ __________ _________ ______ _____. ________ _____ __________ _____ ________ ____ _________ ______ ________ __________. ________ _______ ________ ___ _________ _________ ______ _____ ________ _______ _______. ________ ________ _________ ______ __________ _________ _____ ________. _______ _________ _______ _____ ________ ________. Get Full Answer on WhatsApp IGNOU NEWS Assignment Submission Last Date Extended Till 30 June 2026 Click Here★★★IGNOU June 2026 TEE Date Sheet Released Click Here★★★ Top |