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questions on general accounting

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(Querist)
25 January 2009 what is provisioning and scheduling in case of accounting?
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Deepak Agrawal

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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...
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