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Provision means the expenditure known but not exact amount to be spent that is unknown but payable means the exact amount of expenses knows that is to be paid.
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Difference between provision and accrual?
Accrual - means is common word carry farword to next. provision - means is should be payable. Harisha Mundre
Difference between account payable and bills payable?
Accounts Payable releted to Creditors and Bills payable releted to bank.
What is difference between bill receivable and bill payable?
bill receivable is what is owed to a company; bill payable is what is paid
What is the difference between credit sales and accounts payable?
Credit sales referes to sales and accounts payable referes to bank
What is the difference between notes payable and trade payable?
The difference between trades payable and notes payable is based on the relationship with the business to which money is owed to. Trades payable is typically with a business' supplier while notes payable is usually with a bank. Their treatment in the cashflow statements also differs. With trades payable, the transaction is reported in the CFO (Cash flow from Operations) while notes payable under US GAAP is reported under CFF (Cash flow from financing).
Difference between provision and accrual?
Accrual - means is common word carry farword to next. provision - means is should be payable. Harisha Mundre
Difference between account payable and bills payable?
Accounts Payable releted to Creditors and Bills payable releted to bank.
What is the difference between Income Tax and Provision of Income Tax?
Provision for income tax refers to the line item in the profit and loss statement. Income tax is a broad term and could mean current taxes (taxes actually payable to Government), Tax expenses/provision for tax- taxes reported in the P&L or deferred taxes (difference between current taxes and tax expense).
Difference between loan payable and loan receivable?
loans payable apear under liability on the balance sheet.
What is difference between bill receivable and bill payable?
bill receivable is what is owed to a company; bill payable is what is paid
What is the difference between credit sales and accounts payable?
Credit sales referes to sales and accounts payable referes to bank
What is the difference between notes payable and trade payable?
The difference between trades payable and notes payable is based on the relationship with the business to which money is owed to. Trades payable is typically with a business' supplier while notes payable is usually with a bank. Their treatment in the cashflow statements also differs. With trades payable, the transaction is reported in the CFO (Cash flow from Operations) while notes payable under US GAAP is reported under CFF (Cash flow from financing).
Difference between the salaries and salary-payable?
Salaries expense -can be paid or unpaid while salaries payable is finally pay the salaries...
What is is the difference between Commission Payable and Commission Receivable?
Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.
What is the difference between bills payable and notes payable?
Bill or notes payable both are same things with different names and can be used interchangably to refer to one same thing.
What is the difference between an accrued and a provision?
i must say accrued and provision is two different things,accrued is something paid to you but you can spend it,concerning provision is not the same.
What is the difference between notes payable and accounts payable?
A note payable is a tangible note between you and another company that you will pay them back for a good or service they sold you. An account Payable is an allocation base for all of your notes payable. so for example i could have a note payable to company A for $100, Company B for $500, and Company C for $300, and my accounts payable would be $900
