Account Management Question: Download Questions PDF
Please explain the difference between provision and reserve?
![Management Accountant Interview Answer Management Accountant Interview Question](https://globalguideline.com/public/images/interview/12.png)
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 Management Accountant Interview Questions And Answers
PDF
Previous Question | Next Question |
Explain me bills receivable? | Explain me fair value accounting? |