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in Accounts we are using provisions ? what is provisions?
 Question Submitted By :: Venkateshpentam
I also faced this Question!!     Rank Answer Posted By  
  Re: in Accounts we are using provisions ? what is provisions?
# 1
We have done some expenses but invoice or bill not yet
received but expenses related to current month for that we
passed an entry against those expenses with approximate
value or previous comparison value ,it is an activity
perform end of the month we say month end closing activities.
Is This Answer Correct ?    2 Yes 3 No
Prasant M

Other Accounting AllOther Interview Questions
  Question Asked @ Answers
Expand RMP   5
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can anyone provide me the Balance Sheet Items & Profit & Loss A/c Items & Accounting Heads with Accounting codes?   1
What are the accounting principles or concepts.Expalin briefly. Genpact 6
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what is the difference between time keeping and time booking?   1
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what do u mean by preliminary expenditure? what r they? where it is comes? IBM 3
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