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Other reserves and provisions Related Articles

Reserves and Provisions

Every prudently and systematically managed business concern makes some provision out of current profits for meeting an anticipated liability, redeeming a liability, replacing an asset or for some other important business purpose.

Distinction between provisions and reserves

The differences between reserves and provisions are outlined in this article.

Secret Reserves

It has been defined as "any reserve which is not apparent on the face of the balance sheet". It is sometimes called "hidden reserve", or 'internal reserve' or 'inner reserve.' This reserve represents the surplus of assets over liabilities and capital. It does not appear in the ledger. The creation of secret reserves strengthens the financial position of the concern. Its financial position would be better than what it would appear on the face of the balance sheet. Secret reserve is created usually by joint stock companies especially banking, insurance and financial concerns.

Provisions of Agreement on Agriculture

The long-term objective of the WTO Agreement on Agriculture is to establish a fair and market-oriented agriculture trading system. It is also aimed at initiating a reform process through the negotiation of commitments on support and protection and through the establishment of strengthened and more operationally effective GATT rules and disciplines.

Franchise Agreement Key Provisions

When it comes to the Franchise Agreement – the legal document that technically governs franchisor/franchisee relations – there is no standard format. Terms and conditions of operations vary from franchise to franchise and from industry to industry.

Nature of ReservesFunds or Provisions

A trader considers it to be prudent to reduce intentionally, the amount available for distribution as profit and to set aside the amount thus, saved for some worthwhile business purpose. should be noted in this connection:

VISA provisions India

Foreign Nationals desirous of coming into India are required to possess a valid passport of their country and a valid Indian Visa. There is no provision of 'Visa on Arrival' in India and no fee is charged for immigration facilities at the airports. Foreign passengers should ensure that they are in possession of valid Indian Visa before they start their journey to India except nationals of Nepal and Bhutan who do not require visa to enter India and nationals of Maldives who do not require visa for entry in India for a period up to 90 days (a separate Visa regime exists for diplomatic/official passport holders).

Checklist of Provisions for an LLC Operating Agreement

This outline presents 20 areas of LLC ownership, operation and management that should be addressed in the operating agreement.

Market access: Provisions of Agreement on Agriculture

An often-mentioned problem of developing countries’ agricultural export has been the lack of access to developed countries' markets, due to the institution of a myriad of import controls and other restrictions. This has largely undermined the growth prospects of developing countries whose development strategy relied on agricultural exports.

Assessment of Impact of the WTO Provisions on Africa's Agricultural Exports

Bold as the 1994 Uruguay Round initiatives were, scholars are not convinced that the real motive behind them is actually the revitalization of the developing countries' agricultural export trade. Most

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