Provision

Difference between Provision and Reserve
A reserve is an appropriation of profits for a specific purpose. In short, a reserve is an appropriation of profit for a specific purpose, while a pro...
Difference Between Reserve and Provision
A reserve is an appropriation of profits for a specific purpose. In short, a reserve is an appropriation of profit for a specific purpose, while a pro...
provision for bad debts
The provision for doubtful debts, which is also referred to as the provision for bad debts or the provision for losses on accounts receivable, is an e...
Difference Between Accruals and Provisions
All accrued expenses have already been incurred but are not yet paid. By contrast, provisions are allocated toward probable, but not certain, future o...
Difference Between Liability and Provision
Provision: a liability of uncertain timing or amount. Liability: present obligation as a result of past events. settlement is expected to result in an...