Estimation of the taxes for the current year
transitional provision
Tagalog Translation of PROVISION: pabaon
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Running out of food and the provision of shelter.
provision
examples: "provide assistance on the Tax Provision Package and FAS 109"; "to complete a US GAAP Tax Provision package".
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.
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.
Provision of depreciation account is the account of provision of depreciation.First of all we should understand provision of depreciation .Provision of depreciation is the collected value of all depreciation. With making of this account we are not credited depreciation in asset account. But transfer every year depreciation to provision of depreciation account. Every year we adopt this procedure and when assets are sold we will transfer sold assets 'total depreciation to credit side of asset account. For calculating correct profit or loss on fixed asset. This provision uses with any method of calculating depreciation.
Insurance provision means the conditionality to be adhered to by both the insured and the insurer,as embedded in an insurance policy bond.
what you have in stock, concerning food in particular. Provision