What is reserve and provision?where they appear in balancesheet?
Answers: Reserve is the part of the capital of a company, other than the share capital, largely arising from retained profit or from the issue of share capital at more than its nominal value. Reserves are distinguished from Provision in that for the latter there is a known diminution in value of an asset or a known liability, whereas reserves are surpluses not yet distributed and, in some cases (e.g., share premium account or capital redemption reserve), not distributable. The directors of a company may choose to earmark part of these funds for a special purpose.(e.g., a Reserve for obsolescence of plant). However, reserves should not be seen as specific sums of money put aside for special purposes as they are represented by the general net assets of the company. Reserves are subdivided into Retained earnings(revenue reserves), which are available to be distributed to the shareholders by way of dividends, and capital reserves, which for various reasons are not distributable as dividends, although they may be converted into permanent share capital by way of a bonus issue.
Provision is an amount set aside out of profits in the accounts of an organisation for a known liability(even though the specific amount might not be known) or for the diminution in value of an asset. Common examples include Provision for Bad debts, Provision for depreciation and also provision for accrued liabilities.
Reserve and Provision may be shown on the Liabilities side of the Balance sheet or it may be deducted from the concerned asset on the assets side of the balance sheet(like Provision for bad debts deducted from Debtors)
Reserves are the amounts which you keep aside for contingencies. They appear under the heading 'Reserves and Surplus' after the Capital in the balance sheet.
Where is the McDonald's headquarters located?
give me the source please if you can.Answers: The address for McDonald's corporate headquarters is:
McDonald’s Corporation
2111 McDonald's Dr
Oak Brook, IL 60523
The source is McDonald's corporate pattern site (see link, below).
How do I fund my business and patents with no money down, or line of credit?
Answers: If your patents are worth something and are marketable, then you can:
a.. issue licenses to others for thier manufacture and sales
b. Secure a line of credit against the patents. you would need the help of those companies that market patents. they ususally want a share.
c. look for venture capital for your company, the number of Venture equity firms is rebounding since the dot com era. they will likely want a share in the company also. sometimes a seat on your board of directors, etc.
good luck.
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