Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between accrual and provision
- 2 Answers
- 10267 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / puneet
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 which is to be met in unknown future.
| Is This Answer Correct ? | 15 Yes | 1 No |
Answer / 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 |
Expand F A Qs
Agreement of Trial Balance is not a conclusive proof of absence of Errors. Will you support me
WHAT IS VOSTRO Account?
Why we are prepaparing Debtors and Creditors list for more than lessthan 6 months at the year ending?
how many accounting standards in india
Telephone expenses 4000 Show entry in expenses not payment entry
What is Summarising
I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.
1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?
What are the main things to see which making a Balance Sheet ??
what is minut
what is accounting? pls tell me in exact definition
Audit 
