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why the provision is created in profit and lose account
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Answer / sunny matta
Because Provision means the unexpected cost which will hit
in our books in future that's the reason we will put some
estimated amount in the books for particular account codes.
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The Actual Rent was 12000,in the month of Feb i had paid 15000 and in the month of march i had paid 3000. Pass the necessary Journal entry for this.
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