Provision

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 December 2013 Dear Expert,

I want to know why provisions are created in the books of accounts during month end & year end for tax & other exp.

CS,CA F,Numrologi TusharSampat (Expert)
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11 December 2013 Because the actual amount is not available and only an estimation can be made which later on actual facts is adjusted.

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