Provision means that your eye will be taken out at the pediatrician!! beware kids and parents! dont go to the eye doctor!
how to calculate provison for income tax
There's no Constitutional provison prohibiting it so, . . . yes. . . he could.
Provison for doubtful debts, under liabiliity, will be created by debiting bad debts account.
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.
If payments were late, then the money was owed. Yes, the landlord may take money owed.
Bad debts DR Allowance for doubtful debt CR Some accounting practioners may use provison for doubtful debts instead of allowance for doubtful debts. Example of bad debts, suppose a customer was unable to pay their debts totalling $150. This will be the journal entry for the transaction: Bad debts 150 Allowance for doubtful debts 150
Provisions and Reserves are the amount setaside out of profits. When the amount is set aside for a particular purpose it is called a provison. Examples for this is Provision for Baddebts and provision for Depreciation and Provision for Discounts on Debtors. when the amount is setaside for particular purpose is called a provision whereas Reserve is the amount setaside out of profit but not for particular purpose. In most cases provision is incorrectly described as Reserve. One cannot create Reserve for baddebts.
he was a mean person who lived with mean people in a mean castle on a mean hill in a mean country in a mean continent in a mean world in a mean solar system in a mean galaxy in a mean universe in a mean dimension
you mean what you mean
Mean is the average.
It mean what you don't what does it mean.
Mean