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What is the difference between provision and payable
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Answer Posted / ajay atolia
Payables are the fixed amount for which some services had
been taken and amount of that services is to be paid.
while creation of provisions are depends on happening or
non happening of an event.
eg. Outstanding of electricity exp -Payables
Provision for bad debts -Provision
| Is This Answer Correct ? | 5 Yes | 2 No |
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