Accountancy, asked by sharmarishabh78604, 4 months ago

FOR WHAT IS PROVISION CREATED

Answers

Answered by surajkumaryadavjee

4

Answer:

Provisions are important because they account for certain company expenses, and payments for them, in the same year. This makes the company's financial statements more accurate. ... Because the expense is 'probable', the amount set aside is expected to be spent.

Explanation:

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