WHAT IS MEANING OF PROVISION
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 |
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
any example should cover all three types of accounts in one entry
stock taken as drawing what should be the accounting entry
what is meant by spin-off
In which categoury bank account comes? personal or real
ADR DEFINE
what is dmat charges?
What is sweep account
Under which group in airtel a/c ledger
capcity utillization
What is trade finance
3 Answers Barclays, IBM, Manufacturing,
What is the difference between Target and Budget?