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How to reverse provision stock
i must say accrued and provision is two different things,accrued is something paid to you but you can spend it,concerning provision is not the same.
A provision is when it's grater than 50% chance of happening where as a contingent is less than that. You show a provision on the accounts but not the contingent.
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Accrual is income earned but not received or expenses incurred but not spent. Provision is making provision from the profit for a specified or known expense which is to be met in unknown future.
There is none
Accrual - means is common word carry farword to next. provision - means is should be payable. Harisha Mundre
Provisions are charge against profit and Reserves are appropriation of profit.
the normal is regular and a reverse is better
line orgnization has no provision of syaffs ,whereas line and staff org- has provision of staffs
Provision means the expenditure known but not exact amount to be spent that is unknown but payable means the exact amount of expenses knows that is to be paid.
Nothing