what is the difference between accrual and provision
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)
Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
what is the main difference between nse & bse operations
How exchange rates are maintained in sap
Expand---------PDBC
We are a education institute based in chennai.if i purchase a product in chennai and i transfer it to our branch which is in bangalore. we don't have tin nos,Sales tax nos, cst nos. We have only service tax nos. what is the procedure.
when apply for ragistred in central excise no
WHAT IS MEANT BY FACTORING, TRESURY BILLS,BULLS, BEARS
differed tax liability
What is DECR And for wt it is used?
what is composition vat
A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty
What do you mean Business
what is the organisation chart for accounting and finance ?
Expand-------SCAN
what are responsibilities of an accountant in a company?
pls send me capital iq quition paper pls, ihave 2mr interview thanks