Is it necessary that monthly provision should be exact



Is it necessary that monthly provision should be exact..

Answer / h.r. sreepada bhagi

As the name suggests, it's only provision and not actual.
Provision for expenses while closing monthly or annual
expenses should be reasonably justifiable, but need not &
may not be accurate.

While provisioning care should be taken to ensure that the
amount is reasonable for each type / item of expenses and
there will not be huge differences.

Is This Answer Correct ?    3 Yes 0 No

Post New Answer

More Audit Interview Questions

i want question papers audit staff selection examination

0 Answers  


the primary purpose of compliance test is to verify whether?

1 Answers  


What is CARO 2003? What do you mean by management audit?

0 Answers   Ernst Young,


what is the entry for accrual expense and accrual income. And how they are treated. Thanks.

3 Answers   Cap Gemini,


hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?

0 Answers  






what will be the entry in tally if some one make a will to some one from his bank?

6 Answers  


If goods is transferred to other state by f form condition. With some value. Then f form issued form the govt is value will be same as transfer time......

1 Answers   Eicher,


I have had a Accounting experience more than 20 year in General Accounting, Traveling & Tourism, and Air lines. Can I change my Job from Accountant to Auditor- Please give me right advise.

3 Answers   Accenture,


How can manage (Recover and Reduce)NPA in Banking Sector?

2 Answers  


i am deposit cash in my bank. And i want to do sale against cash deposited into bank. but i face some problem,, like how can i handle daly basies expensies when i am doing sale against cash deposit in tally how can i manage this type of problems. any body can please tell me.

1 Answers   Deloitte,


outstanding assests

2 Answers  


Expand---------MPSR

1 Answers  


Categories