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Does the new ObamaCare Law have a provision in it that taxes the future sale of your house another 3.8 percent?
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∙ 11y ago
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What is bonus provision?
Bonus provision means to create provision for future uncertain liability.which we have to pay next year or further.it is like provision for exp which we create for that exp. Which are unexpected but there is possibility that at any time in future we have to pay.
What is provision Journal Entry?
Provisional entries are made to account for future expenses or foreseen future losses. we will record these provisional entry by, initially debiting Expence account and crediting provision account. when provision is released, we debit the provision account and credit the Expenses account.
What is the difference between liabilities provisions and contingent liabilities?
Provision made for known or specified liabilities which may occur in future is provision for liabilities whereas Contingent liabilitiy is provision made for unknown liabilities which may or may not occur in future.
Will south Africa rely more on the non-conventional resource for the provision of power in the future?
yes South Africa will rely more on non-conventional energy for the provision of power in the future in order to protect and preserve the environment for the future generation
What do you mean by reserve and Provision?
Reserve -The funds that a company sets aside to meet future unknown losses. Provision- the funds that a company set aside to meet future known losses
Why do you pass provision entries?
you make the provision for the Expenses. it is planning for future expenses after the year end it is estimation of that expenses come next years, so company make the provision for that expenses.
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.
WHAT provision did the treaty of Versailles contain to prevent future war?
The Answer Is created forum for nations in which international disputes could be settled
What is the difference between in future and in the future?
In future is just another way to say future. In the future is just somebody telling another person that he or she will try to achieve something.
Why we treat provison for tax as current liability?
With the process of provision we create the amount and set aside to payment for taxes in future as it is payable in short term future that's why it is called current liability.
What is the future value of 4000 for 5 years at 4 percent compounded bimonthly?
the future value of $5,000 in a bank account for 10 years at 5 percent compounded bimonthly?
What is another ONE word for past and future?
Hmmm, another ONE word for past and future? How about, "time."
