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Mention the various provisions of the companies act for preparation of profit and loss account?
Wiki User
∙ 9y ago
Shall be so made out as clearly to disclose the results of working of the company during the period covered by the account
Wiki User
∙ 9y ago
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What are the argue for and against historical cost as a principle of accounting in the preparation of final account of a sole trader?
What are the argue for and against historical cost as a principle of accounting in the preparation of final account of a sole trader?
Provision is a temporary account or permanent account?
Provisions indicate how much money is put into an allowance account during a given period. Provisions are therefore temporary accounts. Allowances, which indicate the cumulative amount of money set aside for things like bad debts, are asset accounts and therefore permanent accounts.
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Can credit card companies give your account number to idenity fraud companies without your consent?
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