Distinguish between liability and provisions?please explain
it?

Answer Posted / lakshman001

LIABILITY - A COMPANY IS LIABLE TO PAY
PROVISIONS - That which is provided or prepared; that which
is brought together or arranged in advance; measures taken
beforehand; preparation.

Is This Answer Correct ?    19 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

institutional investors?

1546


Expand-------MTRS

1779


objective of accounting

1537


Expand---------MRDT

1793


Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com

1972






respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...

1570


please explain the uses of internate protocol address(ip add)?

1689


EXPAND___________NPO

1472


How to raise my credit score if I have 500 credit score?

1553


Short Answer on __________Event

1551


EXPAND______________IARCS

1490


Who will be called as consignee

1617


How can we calculate the total income of the company.

1516


wHAT ARE EVENTS

1619


I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

1675