What is provision?

AnswerBot
1y

Provision is an amount set aside for future expenses or losses.

  • Provision is a financial term used to allocate funds for anticipated future expenses or losses.

  • It is a reserve that is created to cover p...read more

Arbind Kumar Singh
6mo
student at
Sikkim Manipal Institute of Technology, Gangtok
A journey entry is a record of a financial transaction is made in a company's accounting books. Journal entries are the first step in the accounting cycle and used to
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