Answer / sudheer reddy

The amount which is kept in the business to face the future Risk is called provision 
(or)
A provision is an amount that you put in aside in your accounts to cover a future liability is called provision.

Expand GDI?

2 Answers  

---

WHAT IS THIS ACCOUNT

12 Answers   Genpact,

---

With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?

0 Answers  

---

cash transferred from sbi to andhra bank? how we can post it in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post)

4 Answers  

---

What is the meaning of Debt reconciliation and how to do debt reconciliation?

0 Answers   Genpact,

---

what is pripaid expences nd difference bteween pripaid and advance

6 Answers  

---

what is the meaning of double entry system & Double entry system?

8 Answers   Bhel,

---

A company is Listing in EU (Europian Union) Controlled stock exchange ? will IFRS are mandatory ? if you answer will differ if Subsidary of US based company Listing in EU (Europian Union) Controlled stock exchange?

0 Answers  

---

What experience have you had in fixed assets accounting?

1 Answers   CESC,

---

Differece b/t Equity and Prefferece Capital?

5 Answers   Capital IQ,

---

Rent paid to Land Lord account is credited to 1.Land Lords account 2.Cash account

2 Answers  

---

What is the complete role of a Process executive in Accounts Payable Process ? Please anyone who is an expert in the process answer my question. A reply would help me a lot.

0 Answers  

---