WHAT IS MEANING OF PROVISION
- 4 Answers
- 5360 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 |
payment made to the credit card from bank.In that half are personal and half are business related.how to account these transaction without credit card ledger.
What does the financial statement of the company include?
is investing in equity or mutualfund is better?
what is legal meaning of CLEAR BALANCE mentioned in bank passbook of a saving account ?
2 Answers Bank of Maharashtra,
what is defference between direct and indirect ezpences
what is representative personal accounts?? explain with examples...
can we issue bonus shares at premium? how?
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?
what are all the items comes under balancesheet(liability side & asset side) step by step.& also trading and p&l account. somany companies asking this type of question . please tell me...
7 Answers IBM, IBPS, Thomson Reuters,
Name Financial Institutions available in Indian Industry to meet financial needs ? and their objectives ?
what are the different types of expenditures considered for the purpose of accounting?
Tell About ur self what will i say plz help me
Audit 
