What is meant by provision
- 4 Answers
- 6589 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sricharan babu m
Provision is a temporary accounting title. It basically
refers to expense.Provision is created out of profits for
known liabilities.
| Is This Answer Correct ? | 2 Yes | 6 No |
land Adn Building come under fixes assets or not?
What is the uses of invoices? how many types of invoices, and difference between invoice and voucher, invoice and bill?
A commerce interview book specially designed for Unemployees,Employees,Lecturers,Commerce students and enterpenuers trying to devlop the the commerce subject is going to be published. A sample book on the interviews is ready for free circulation to you. It contains Income tax, Journal entries useful for various occassions,Terminology, Terminology test, Multiple answers,Fill in blanks and Abbreviations. If neede send your e-mail id to me for immediate circulation. It is quite free free to you. My e- mail id satyaki_raju@yahoo.co.in
what are the difference between bookkeeping and accounting ?
"while Financial accounting is external, cost accouting is internal to the business" Explain?
What is standing order
What is NPV? What is IRR? What is the difference between NPV and IRR method? Which and why among NPV and IRR do you think is more appropriate technique in capital budgeting?
3 Answers Christ University, College School Exams Tests, Deloitte,
Can you say the Sub-Fields of Accounting
debt/total capital
2 Answers Capital IQ, FactSet Systems,
Telly ERP9 is perfect accounting softwear in excise unit.
what is mean by MIS?
What is Contra Entry?
37 Answers Ferguson, RG Group, TCS,
Audit 
