Question

what is the meaning of provisions​

Answer 1

The word PROVISION generally has two meanings :

1) The action of providing or supplying something for us .

2) An amount or thing supplied or provided .

Answer 2

Answer:

Provisions: प्रावधानों in hindi

1.the action of providing or supplying something for use.

2.

an amount or thing supplied or provided.

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Explanation:

Definition: A provision is an amount set aside for the probable, but uncertain, economic obligations of an enterprise. A provision is an amount that you put in aside in your accounts to cover a future liability. ... When accounting, provisions are recognized on the balance sheet and then expensed on the income statement.

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