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Question
Is provision for depreciation a reserve?
Is provision for depreciation a reserve?
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Solution
Provision for depreciation is considered as a provision and not a reserve.
Also read:
- Difference Between Reserve and Provision
- What Are Reserves in Accounting
- What Is Reserves
- Difference Between Capital Reserve and Revenue Reserve
Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.
Provision for depreciation is considered as a provision and not a reserve.
Also read:
- Difference Between Reserve and Provision
- What Are Reserves in Accounting
- What Is Reserves
- Difference Between Capital Reserve and Revenue Reserve
Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.
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