Question

Is it necessary to create provision even if there is no or inadequate profit or loss?​

Answer 1

Answer:

Hope it helps

Mark this as brainliest answer

Explanation:

Inadequate Profit: This is situation when Company is having sufficient profit in its financials for payment of remuneration. However, profit is not sufficient to cover in limit of 11% of net profit.

Answer 2

Answer:

Congratulations you got the answer.❤❣️❤❣️