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Provison for payments (benefits received but bill not
received at the closing of accounts)(utilites, Telephone,
Rent)



Provison for payments (benefits received but bill not received at the closing of accounts)(utilite..

Answer / arun

These provision can treat as like prepaid expence ie will
appear in dedit side of P/L account as provision for
payments with clear narration and will shown in asset side
of balance sheet also

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