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Provison for payments (benefits received but bill not
received at the closing of accounts)(utilites, Telephone,
Rent)
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Answer Posted / arun
These provision can treat as like prepaid expence ie will
appear in dedit side of P/L account as provision for
payments with clear narration and will shown in asset side
of balance sheet also
| Is This Answer Correct ? | 7 Yes | 9 No |
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