Provision
This query is : Resolved
26 November 2014
question about provisions. why this required and its used.is their effective. or without provision if transection made so what happened.
Amol S Joglekar
(Expert)
26 November 2014
It gives atru and fair shape to the accounts of the year.
The expenditure which relates to a particular year MUST be provided for in the same year, is it not?
The expenditure which relates to a particular year MUST be provided for in the same year, is it not?
26 November 2014
it is required when ur estimsting that there will be an outflow of money to enterprise in future and due to principle of conservatism.
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