WHAT IS MEANING OF PROVISION
- 4 Answers
- 5374 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / govinda_mahato05
Provision is that action of business in which business organisation reserves his money for future losses for safeguarding business.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sapna
provision means----outstanding
example:- Rent @1000/- per month
april rent 1000/- paid in may
march rent 1000/- paid in april
thats amount is outstanding.
because fin. year apri to march
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / ravindra sahu
provision is a way to book present f.y. expenses that is
not paid in this year. in provision entry we debit expenses
a/c & credit payble a/c that will debit in next year when
expenses will paid.
| Is This Answer Correct ? | 0 Yes | 0 No |
1. If Ram Received Cash Rs. 900/- & Deducted Rs.100/- as EPF. 2. Cheque diposited into bank Rs. 200/- against EPF of ram. How many ledger should create under which & what will be the entry ?
IF WE PURCHASE TV FOR PERSONEL THEN WE DIDNT RAISE PURCHASE ORDER WHY ?
Please would you provide me with a defenition of Cycle count tolerance ? Thank you
Difference between expense and expenditure ?
hove many % vat in calcym hydroxyd?
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.
My company has just bought a car. The breakdown is as below: cost of the car = 50000 Interest = 15000 Registration fee = 500 Road tax (first year) = 1800 Please show me the correct entries in the books Thank you
what is the manual procedure for accounting
What is the journal entry for good loss by fire? claim receive from insurance company? after claim received the loss occoured entry?
Tell us what is your proudest accomplishment?
Maintaining books of accounts (Cash, Petty Cash, Bank,
Why closing stock are not shown in trial balance?
Audit 
