Answer Posted / anilraj t
Provision Means expected expense pertaining to partiicular period which is booked in that period and paid immediately sub seeding period.
Ex: Every month end creating provisions for salaries and paid later in subsequent month
What ever payables coming in Accounting just remeber it is a provision made.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.
What are accounting entities?
saji become insolvant -what is journal entry
Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income
What are the basic assumptions in accounting?
Do you know what are trade bills?
Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?
Hello Sir, My Name is Shoaib, I am Novice in Accounting Field. I want to learn the simple & step by step, procedure to final my company account. Please Help
suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.
Explain dual aspect term in accounting?
What is general entries for Deffered Tax?
Why in KE5Z report in SAP Accounting Data not found?
What will be a entry for TDS deducted on Salaries, Directors Remuneration and Rent.
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
What is the Full Procedure of Purchase ?
