Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


Is it necessary that monthly provision should be exact



Is it necessary that monthly provision should be exact..

Answer / h.r. sreepada bhagi

As the name suggests, it's only provision and not actual.
Provision for expenses while closing monthly or annual
expenses should be reasonably justifiable, but need not &
may not be accurate.

While provisioning care should be taken to ensure that the
amount is reasonable for each type / item of expenses and
there will not be huge differences.

Is This Answer Correct ?    3 Yes 0 No

Post New Answer

More Audit Interview Questions

1.is tds compulsory for commission paid on sales.2.if tds return for is submited for the interest paid on unsecured loans,what should be done.

2 Answers  


how many types of auding report?

2 Answers  


How to raise capital (equity) in non-listed company?

0 Answers  


What is the role of internal audit?

0 Answers  


What sorts of accountant count as "qualified accountants" to be independent examiners for charities with income over ?100,000 or assets over ?1,000,000?

0 Answers  


How do i know wheather Tds deducated from Inv.or Not?(eg.If someone printing a banner for our office for Advertisement & he issue a Tax Invoice for the same. If Tds is deducted - then why & if tds is not deducted then why

3 Answers   ABC, Infoline, spykar, SVS,


What is caro 2004?

0 Answers  


Fill the missing amounts on the basis of the accounting equations; Sl.no Assets liabilities Capital 1 20000 15000 ? 2 ? 15000 10000 3 10000 ? 8000

2 Answers  


What is Cost audit & its Type?

3 Answers  


duties of auditor

9 Answers  


What is continuous audit?

3 Answers  


Is materiality by fund balance or transactions?

1 Answers  


Categories