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Question
Give four examples each of ‘provision’ and ‘reserves’
Answer in Brief
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Solution
Four examples of provision are given below.
1. Provision for bad and doubtful debts
2. Provision for discount on debtors
3. Provision for depreciation
4. Provision for tax
Four examples of reserve are given below.
1. General reserve
2. Capital redemption reserve
3. Dividend equalisation reserve
4. Debenture redemption reserve
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Reserves
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