answersLogoWhite

0


Best Answer

Provisions 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.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the difference between provision and reverse?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you calculate the provision for obsolete stocks?

How to reverse provision stock


What is the difference between an accrued and a provision?

i must say accrued and provision is two different things,accrued is something paid to you but you can spend it,concerning provision is not the same.


What is difference between provision liability and continget liability?

A provision is when it's grater than 50% chance of happening where as a contingent is less than that. You show a provision on the accounts but not the contingent.


Difference between laminar air flow and reverse laminar aire flow?

difference between laminar air flow & reverse laminar air flow


What is the difference between provision and accrual?

Accrual is income earned but not received or expenses incurred but not spent. Provision is making provision from the profit for a specified or known expense which is to be met in unknown future.


What is difference between nanofiltration and reverse osmosis?

There is none


Difference between provision and accrual?

Accrual - means is common word carry farword to next. provision - means is should be payable. Harisha Mundre


Difference between provision and reserve?

Provisions are charge against profit and Reserves are appropriation of profit.


What is the difference between a normal and reverse water pump for a Chevy engine?

the normal is regular and a reverse is better


What is the Difference between line organisation structure and line and staff organisation structure?

line orgnization has no provision of syaffs ,whereas line and staff org- has provision of staffs


What is the difference between provision and payable?

Provision means the expenditure known but not exact amount to be spent that is unknown but payable means the exact amount of expenses knows that is to be paid.


What is the difference between demineralize water and reverse osmosis water?

Nothing