19 March 2009
In general terms a provision is made against the book value of an asset, whereas an accrual (or prepayment) is made to ensure known income and costs are accounted for in the period to which they relate.
19 March 2009
In general terms a provision is made against the book value of an asset, whereas an accrual (or prepayment) is made to ensure known income and costs are accounted for in the period to which they relate.
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