Interested to Buy Any Domain ? << Click Here >> for more details...
WHAT IS MEANING OF PROVISION
- 4 Answers
- 6661 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / govinda_mahato05
Provision is that action of business in which business organisation reserves his money for future losses for safeguarding business.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sapna
provision means----outstanding
example:- Rent @1000/- per month
april rent 1000/- paid in may
march rent 1000/- paid in april
thats amount is outstanding.
because fin. year apri to march
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / ravindra sahu
provision is a way to book present f.y. expenses that is
not paid in this year. in provision entry we debit expenses
a/c & credit payble a/c that will debit in next year when
expenses will paid.
| Is This Answer Correct ? | 0 Yes | 0 No |
Q.Goods worth Rs.5000 destroyed in fire? Insurance claim received RS.4000 for the goods lost? Loss of Rs.1000 pass the entries in the books of accounts?
what is the eligible to deduct the professional tax?
What is the difference between Discount & consession?
A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?
how sales invoices adjusted against advance received from Debtor?
how many types of accounts are there
5 Answers CitiGroup, Royal Berg,
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
What information do you require before you approve an invoice for payment?
What is entry of Dishonored cheque issued to supplier
What is the meaning of Trial Balance.
If we started new project of Housing with Construction linked payment plan . How can booked our revenue or Sales .
Explain what is bank reconciliation?
Audit 
