Explain the difference between a reserve and a provision.

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Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

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Question Posted: Dec 20, 2016 10:32 AM

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Explain the difference between a reserve and a provision.

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A provision is a liability of uncertain timing or amount A liabil...View the full answer

Introduction To Financial Accounting

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