What is Provision of expenses?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T

2061


all of interview question about coop bank of oromia

742


what is CDD’s configuration

1763


I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim

1625


What is the meaning of Debt reconciliation and how to do debt reconciliation?

1860






i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???

1499


What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times

2067


Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09

1841


pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com

1540


What is DRA in bank reconciliation.

1481


joint venture?

1769


what is buy bach shares?

1621


Define the word Profit in terms of business

1687


what is Ratio Analysis ?

1809


What goals do you have in your career

1938