Social Sciences, asked by shxhxhx, 1 year ago

give a one provision of Rowlatt Act in 1919

Answers

Answered by padmesh07
0
A provision is an amount that you put in aside in your accounts to cover a future liability.

The purpose of a provision is to make a current year’s balance more accurate, as there may be costs which could, to some extent, be accounted for in either the current or previous financial year. These costs that distinctly belong to a specific year could be misleading if accounted for in the future.

A provision is not a form of saving, even though it is an amount that is put aside for a future plausible cost or obligation. Provisions resulting impact is a reduction in the company's equity.

When accounting, provisions are recognized on the balance sheet and then expensed on the income statement.
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Answered by aliska71
2
Rowlatt Act 1919 passed through the Imperial legislative gave the government power to repress political activities any detention of political prisoner without trial for years

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