Answer / ramesh

provision usually means any amount written off or retained
by way of providing depreciation, renewals of diminutions in
the value of assets or retained by way of providing for any
known liability of which the amount can not be determined
with substantial accuracy.

Answer / venkatesh

provision means suli and puku..........

Answer / krishna

Funds set aside for future known liabilities..

Answer / sricharan babu m

Provision is a temporary accounting title. It basically
refers to expense.Provision is created out of profits for
known liabilities.

We are an educational institution head office in chennai. We don't have Tin Nos. Sales Tax nos, and CST Nos. we have only Service tax nos. if i purchase a computer in chennai and i transfer it to our institute which is in bangalore.Is it possible. what are the documents required for this.

2 Answers  

---

Over-hauling expenses of a secon hand machinery should be debited to ---------

2 Answers  

---

• What is LIFO & FIFO?

3 Answers   Mellon,

---

Role played by a financial manager in matter of dividend policy

1 Answers  

---

Expand---------EDP

1 Answers   Wipro,

---

what is reconciliation

9 Answers  

---

Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector

0 Answers   Nabard,

---

how there face in lvbank interview

0 Answers  

---

Short Answer on ___________Arbitrator

2 Answers  

---

Realization concepts of revenue?

1 Answers  

---

In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected

0 Answers   IBM,

---

Give some reasons for disagreement of the balances between cash and pass book.

2 Answers   Franklin Templeton,

---