What is Provision of expenses?
Answers were Sorted based on User's Feedback
Answer / wasim
Provision:
It is a liability, certain sum of amount kept aside to meet
the contingencies
Is This Answer Correct ? | 37 Yes | 7 No |
Answer / chandu
provision of expenses means the expense amount is kept for known future expense.
provision is liability to the business.
Is This Answer Correct ? | 38 Yes | 8 No |
Answer / leela
A financial institution, such as a bank, hedge fund or
insurance firm, records a provision expense in accounting
ledgers when the institution believes it may not recover
loan amounts from a borrower.
Is This Answer Correct ? | 7 Yes | 6 No |
what is accouting standard? pl give the list of accouting standard.
how there face in lvbank interview
Expand A D T A
EXPAND_________SEAMEC
DESCIBE EXPORT PROCEDURE
Indian Iran Gas pipeline
What is meant by retiring Bill
expand P W D
what is the meaning of P/V Ratio?
25 Answers Chartered Accountant, Deloitte, eForum, GIC, Infosys, TCS, Wipro,
What are intangible Assets?? ASKED 12.12.2008
what is mean by leverage ratio?
How to treat the provision for bad debts which appeared on the credit side of the P&L A/c?