Please wait...
Contact Us
Need assistance? Contact us on below numbers

For Enquiry

10:00 AM to 7:00 PM IST all days.

Business Inquiry (North)

Business Inquiry (West / East / South)



Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this number


Mon to Sat - 10 AM to 7 PM

difference between provision and reserves

Asked by sntshtrk530 6th November 2017, 8:12 PM
Answered by Expert
Provision and reserve can be differentiated based on
  • Provision is maintained to meet specific liability where as reserve is maintained for specific purpose 
  • Provision is a charge against the profit whereas reserve is an appropriation of profit
Answered by Expert 7th November 2017, 9:32 AM
Rate this answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

You have rated this answer 3/10

Your answer has been posted successfully!

Latest Questions

IIT JEE Main Mathematics
Asked by mnsdewari 3rd April 2020, 6:52 AM
IIT JEE Main Physics
Asked by ashutosharnold1998 3rd April 2020, 1:25 AM
Junior II English
Asked by irshadakhter81211 2nd April 2020, 11:48 PM

Chat with us on WhatsApp