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Differentiate between provision and reserve on the basis of nature.?
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Differentiate between provision and reserve on the basis of nature.?
Difference Between Provision and Reserve. In the business glossary, provision implies money set aside to cover an anticipated liability or loss. Look the other term Reserve, reserves refer to withholding some amount for any use in future. ... Reserves are the only appropriation of profit
Community Answer
Differentiate between provision and reserve on the basis of nature.?
Provision made for known liabilities
and reserve made for unknown liabilities
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Differentiate between provision and reserve on the basis of nature.?
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