Provision and Reserves | by CA/CMA Santosh Kumar
Channel: Santosh Kumar - COC Education
Date: 2020-04-27

Provision and Reserves | by CA/CMA Santosh Kumar

Download PDF- https://www.coceducation.com/ebooks/provision-and-resereve

What are Provision and Reserve? 
Provision is a sum of money that has been kept away to meet anticipated financial obligations in the future. The creation of provisions is mandatory as per law. Reserve is a sum of money set aside from the total earnings of a company to meet unforeseen contingencies.

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