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Diff between provision and Liability

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(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".
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
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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