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What is Accrual, Provision and Reserve ?

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Question added by Naveen Moras , Account Manager , Apex Group Ltd
Date Posted: 2015/03/13
Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Accrual : may be revenue or expense , it is represent the unpaid revenue or expense which has accrued in last period provision : it is credit account create to face uncertainty conditions in certain account such as uncollecteable receviablereserve : it is credit account create to face emergency conditions such as general reserve

lakshminarasimham mallareddi
by lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

mercantile accounting system 

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