If an amount incurred or accounted or paid to establish over a period of time of the business or for the business, these kind of accounts are treated as deferred account.

Eg., An advertisement expenses incurred by an organisation etc.,

Any incomes or expenses which are received or incurred during the financial year but not yet earned or benefit received those receipts or payments are charged to this account instead of charging it to...

MIS Reports means management information system.which helps to analysis the monthly inflow and out flow of money, stock, staff performance.Not only monthly through MIS reporting we can compare yearly performance .

Report which gives the clear picture of input and output also helps us to improvise the business. The data for this report may vary business to business.

Example:
1. For finance it could be balance sheet.
2. For HR it tells about the attrition rate, headcounts.

Provisions are to allocate an amount to meetout the requirement.

Reserves are made avaialble to meet business demands eg., meet out obsoletions, to meet out expansions etc.,

By and large provisions will have revisions, reserves will not have.

Except for general reserve, all reserves are created for specific future liability, eg : capital reserve, debenture redemption reserve, investment fluctuation reserve,etc