questions on general accounting

This query is : Resolved 

25 January 2009 what is provisioning and scheduling in case of accounting?

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...



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries