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i must say accrued and provision is two different things,accrued is something paid to you but you can spend it,concerning provision is not the same.
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∙ 13y ago
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What is the difference between accrued income and income in advance?
Accrued income is that where income is earned but amount is not received while income in advance is reverse of accrued income where amount is received in advance but services not provided yet.
What is the difference between Accrued income tax and deferred income tax?
we dont have an idea either. thanks wharton
What is the difference between provision and accrual?
Accrual is income earned but not received or expenses incurred but not spent. Provision is making provision from the profit for a specified or known expense which is to be met in unknown future.
Difference between accrued income and outstanding income?
Accrued Income is income that is earned by provided a service or the sale of a product but hasn't been received yet. Outstanding income is income that is yet to be earned.
Difference between provision and accrual?
Accrual - means is common word carry farword to next. provision - means is should be payable. Harisha Mundre
What is the difference between accured expenses and provision?
Accrued expenses are those expenses which are incurred but no amount is paid yet. Provisions are created to be adjusted against actual expenses occurs during the fiscal year and advance liability is created in balance sheet.
What is the difference between accrued income and income in advance?
Accrued income is that where income is earned but amount is not received while income in advance is reverse of accrued income where amount is received in advance but services not provided yet.
What is difference between provision liability and continget liability?
A provision is when it's grater than 50% chance of happening where as a contingent is less than that. You show a provision on the accounts but not the contingent.
What is the difference between Accrued income tax and deferred income tax?
we dont have an idea either. thanks wharton
What is the difference between provision and accrual?
Accrual is income earned but not received or expenses incurred but not spent. Provision is making provision from the profit for a specified or known expense which is to be met in unknown future.
Difference between accrued income and outstanding income?
Accrued Income is income that is earned by provided a service or the sale of a product but hasn't been received yet. Outstanding income is income that is yet to be earned.
Difference between provision and accrual?
Accrual - means is common word carry farword to next. provision - means is should be payable. Harisha Mundre
Difference between provision and reserve?
Provisions are charge against profit and Reserves are appropriation of profit.
What is the difference between provision and payable?
Provision means the expenditure known but not exact amount to be spent that is unknown but payable means the exact amount of expenses knows that is to be paid.
What is the Difference between line organisation structure and line and staff organisation structure?
line orgnization has no provision of syaffs ,whereas line and staff org- has provision of staffs
What is the difference between local and national sports provision?
local sports provision is one that contains sports of various districts in a community whereas naational comprises of all districts in a country
What is the difference between provision and reverse?
Provisions are created in books as they are anticipated. Example: provision for depreciationReserves are created in books as a part of profits, which might used to purchase assets or to declare dividends.
