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What is Provision of expenses?
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Answer / wasim
Provision:
It is a liability, certain sum of amount kept aside to meet
the contingencies
| Is This Answer Correct ? | 37 Yes | 7 No |
Answer / chandu
provision of expenses means the expense amount is kept for known future expense.
provision is liability to the business.
| Is This Answer Correct ? | 38 Yes | 8 No |
Answer / leela
A financial institution, such as a bank, hedge fund or
insurance firm, records a provision expense in accounting
ledgers when the institution believes it may not recover
loan amounts from a borrower.
| Is This Answer Correct ? | 7 Yes | 6 No |
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