what is the difference between accrual and provision
Answer Posted / harish singh bisht
Accrual is income earned but not received or expenses
incurred but not spent. Provision is making provision from
the profit for a specified or known expense pertaining to
the current year. Which may or may not incure in future.
(eg. Prov for Bad Debts, income tax)
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
how will i develop my fears in interviewd?
Suppose the production is more and sales less then what will happen
why are you selecting for the profitbulity analysis costing based& active based
please give me a last 10 years sbi clerk question and answer paper
Expand-------CSNA
what is the difference between accounts manager and finance manager?
what are the rules and regulations of junior accountant
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
Expand DPCO
Hello... i am looking jobs in investment banking, derivates and BRS and i apply nakuri,Timesjobs and monster. But i did not get the job. so if websites and ID. Please help me.. Thanking u...
what are the content of purchase order?
Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?
What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry
define accounting,scope of account , types of account ?