What is the difference between provision and reverse?
Submitted by: AdministratorProvisions are created in books as they are anticipated. Example: provision for depreciation
Reserves are created in books as a part of profits, which might used to purchase assets or to declare dividends.
Submitted by: Administrator
Reserves are created in books as a part of profits, which might used to purchase assets or to declare dividends.
Submitted by: Administrator
Reserve is appropriation of profits and provisions is charge againstprofits
Submitted by: Cyf
Submitted by: Cyf
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