The amount which is kept by the company to pay taxes against its profits is known as provision for taxation. Provision for taxation considered as current liability.
Provision for taxation is current liablity
Under/over provision of merit or demerit goods. Can be corrected by the imposing of taxation, subsidies, negative add campaigns, etc.
In a group of people who act perfectly with others and who step up to do what is needed to be done without pay you could have no government without taxation. But, face it even the Amish have a governing body and they are very good people. So the whole idea of a nation not having representation or military provision or police or schools and no taxation is ludicrous.
Provision of Information is when the government provides information to the consumer in order for them to recognise the true costs/benefits to themselves. Advantage: Reduces over-consumption/decreases over-consumption Disadvantage: Information only informs consumers, does not enforce like taxation.
Through effective government using existing local government overseen by provincial control, provision of internal and external security, and encouraging prosperity with low taxation.
I would guess that the founders did not intend for DC to have so many permanent residents and so no provision was made for representatives in congress. Yet even though they are taxed, they have no voice.
For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.
Provision entries are accounting entries made to account for expenses or liabilities that are probable but uncertain in amount. They are done in journal entries to ensure that expenses are matched with the revenues they generate in a specific accounting period, in order to provide a more accurate representation of a company's financial position and performance.
hauling of provision
It is a city not a provision.
transitional provision
You have to be 34 to have your provision license.