Provision for exp.
This query is : Resolved
govind sharma
(Querist)
11 August 2013
sir what is provision for exp. will please will u explain in a easy way with example
CA Suresh Jain
(Expert)
11 August 2013
for e.g. salary of the employees is paid in the following month. Taking in to account the salary of the employee in the month when they worked while preparing profit and loss account upto that month is provision for salary
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