Reserve and Provision

Subject: Other

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Lesson Info

  • Notes 2
  • Videos 4
  • Exercises 5
  • Practice Test 9
  • Skill Level Medium



Types of Reserve

Revenue reserve are created out of reserve profit. They are available to distribute as dividend to shareholders. This note has information about various types of reserves. Learn More

Reserve and Provision

Reserve is a part of profit set aside to meet the future contingencies. It is created for meeting the unexpected future liabilities and losses. A provision is the amount set aside by debiting the profit and loss account for the specific purpose. This note has information about reserve and provisions. Learn More

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