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what is the difference between accrual and provision
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Answer Posted / harish singh bisht
Accrual is income earned but not received or expenses
incurred but not spent. Provision is making provision from
the profit for a specified or known expense pertaining to
the current year. Which may or may not incure in future.
(eg. Prov for Bad Debts, income tax)
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Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir
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