Accountant Question: Download Questions PDF
Can you please explain the difference between provision and reserve?
Answer:
Provisions are the liabilities or the anticipated items such as depreciation. You can say provisions are expenses. Reserves are the profits of any company and a part of that profit is placed back to the business to keep it sustainable in tough times of a company.
Download Accountant Interview Questions And Answers
PDF
| Previous Question | Next Question |
| What is offset accounting? | What is the mean of partitioning in accounting? |