why the provision is created in profit and lose account
Answer Posted / sunny matta
Because Provision means the unexpected cost which will hit
in our books in future that's the reason we will put some
estimated amount in the books for particular account codes.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330
How much statistics knowledge is necessary or required in accounting?
contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?
What is an Automatic Payment Program ?
List out things that fall under intangible asset?
what is book building
Please provide me the entire format of P.F. & ESI
can any accountant forward format of daily or monthly mis format for accounts and finance dept!!
Why some asset accounts have a credit balance?
Plz Ask from me New Accounting Questions.
what is the difference between profit center area and business are.? please make me clear.
Follow up ageing balances of Debtors & Creditors and also Inventory
how to enter the tender refund amount in tally ?
In accounting, how do you define the premises?
Sir i want to ask that if the salary above 6500/- than also pf deduct.