Answer / motilal

Accrual means Income that is to be earn to current
financial year but received AFTER Financial year it always
concern with income whereas Provision is always concern with
liablities and its means is bill will be received AFTER
FINANCIAL Yr but Exp will be for Current financial year.

Answer / ravinder

accrual is created for incomes, where as provision is created for baddebts.

What is Provision of expenses?

3 Answers   Accenture,

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what is Journal Entries?

0 Answers   EDS,

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What is provision for depreciation? What is it entry in P&L & Balance sheet? How it is different from Depreciation expense?

5 Answers   EEE, Genpact, IBM,

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What is the working formula for Return On Investment

1 Answers  

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Why we reconcile our debtors? what steps we taken during reconciliation.

0 Answers  

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What is double entry book keeping?

2 Answers   GMC,

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The primary record of a credit purchase of a fixed asset is made in---------

2 Answers  

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What exactly balance sheet depicts

0 Answers   Telco,

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hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc

0 Answers   Catholic Syrian Bank,

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if you reconsilation is doing at end of the month 31 march. you have question for one amount on 30th march which is the banker said that we do not know about the 30th march entry, the amount deposit and expenses. please come after one week. but u need to complete reconcilation end of march. so, what will you do know?

6 Answers   Genpact,

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what is portfolio management?

1 Answers   Capital IQ,

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what is the meaning of LIQUIDITY? what is merger, acquisition & amalgamation? what is the differnce between them? WHAT IS THE TAXABLE VALUE OF THE FOLLOWING FRING BENEFITS FOR FRINGE BENEFIT TAX ? a) CONCESSIONAL TICKET PROVIDED BY THE EMPLOYER FOR PRIVATE JOURNEY OF An EMPLOYEE AND HIS FAMILY MEMBERS. b) GIFTS AND SCHOLARSHIP.

9 Answers   Capital IQ,

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