questions on general accounting
This query is : Resolved
CA supriyo saha
(Querist)
25 January 2009
what is provisioning and scheduling in case of accounting?
Deepak Agrawal
(Expert)
26 January 2009
Provisioning means estimating an expense which was incurred but the invoice is not recd for the same...
For Ex: For 31st December 2008, U incurred some repairs expenses. U do not know the exact amount & U do not recd the bill also. So u will provide expense for the 31st December 2008 by estimation. Estimation may be based on precious bills, etc...
For Ex: For 31st December 2008, U incurred some repairs expenses. U do not know the exact amount & U do not recd the bill also. So u will provide expense for the 31st December 2008 by estimation. Estimation may be based on precious bills, etc...
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