prasad Nilugal
( GST Practitioner & Accounts )
(14606 Points)
Replied 17 March 2019
provisions
provisions are amount charged against revenue to provide for know liability .
Reserve
Reserves are amount appropriated out of profit which are not intended to meet any liability , contingency , commitments exits as on date of Balance Sheet .
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)