What is difference between Accrual and Provision,provide me
with an example.
Answer Posted / motilal
Accrual means Income that is to be earn to current
financial year but received AFTER Financial year it always
concern with income whereas Provision is always concern with
liablities and its means is bill will be received AFTER
FINANCIAL Yr but Exp will be for Current financial year.
| Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
WHAT IS MEANT BY FACTORING, TRESURY BILLS,BULLS, BEARS
What was the most chlleging task you face while working in SAP FI/MM and how did you solve?
Is it correct to covered fesibility report expenses and survey expenses in pre-operative exepenses ?
what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form
why do you want to work here?
What is Accommodation Bill
In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?
difference between office expense and miscelleanous expense with some examples
Expand CCIT?
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
i m a student of icwai i have just passed out my foundation and i wanna no if i should go for both intermediate group together or not....
EXPAND_________SEB
AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE
am attend to bank exam(iob)pls send model questions