Question

Which of the following is a provision?

Provision for Doubtful Debts

Provision for Repair and Renewals

Provision for Taxation

All above



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Answer 1

Which of the following is a provision?

➡️Answer :

All above i .e,

✔️Provision for Doubtful Debts

✔️ Provision for Repair and Renewals

✔️Provision for Taxation

______________ ⭐ ___________

Provisions include accruals, asset impairments, bad debts, depreciation, doubtful debts, guarantees (product warranties), income taxes, inventory obsolescence, pension, restructuring liabilities and sales allowances.