Under Long term provision scheduled III
This query is : Resolved
15 October 2023
which type of liabilities come under long term provision according to scheduled III .
CA R SEETHARAMAN
(Expert)
16 October 2023
The examples of Short-term Provisions are Provision for discount on debtors, Provision for tax, doubtful debts etc. The examples of Long-term Provisions are Provision for renewals and repairs, Provision for depreciation.
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