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Provision

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Querist : Anonymous (Querist)
15 November 2011 WHAT IS THE DEFINATION OF PROVION HOW WE CAN CALCULATE
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 November 2011 Provision is accounting of the expenses or income in the period which they actually incurred or earned, such is accrual basis of accounting.
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