Teaching BPSC 4.0 बिहार उच्च माध्यमिक शिक्षक भर्ती (PGT) Mock Test Accountancy Depreciation, Reserve & Provision
Which of the following is an INCORRECT difference between provisions and reserve?
1
Provisions are not available for distribution as dividend among shareholders.
2
Provision is appropriation of profits, whereas reserve is charge against profits.
3
Creation of provision is usually necessary, whereas the reserves’ creation depend upon management policy.
4
More than one of the above
5
None of the above