Diff between provision and Liability


This query is : Resolved 

(Querist)
05 October 2009 what is the difference between provision for exp and exp payable.

for audit fee payable, what entry is to be passed.
whether "Provision for audit fee" or
"audit fee payable".

05 October 2009 read by this link
i have answered to you

https://www.caclubindia.com/experts/experts_message_display.asp?group_id=256220


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