answersLogoWhite

0

A provisional item is an accounting entry used to temporarily record transactions or events that are expected to occur but are not yet finalized. This can include estimates related to expenses, revenues, or liabilities that will be adjusted once more accurate information becomes available. Provisional items help ensure that financial statements reflect a more accurate picture of a company's financial position, even when all details are not yet confirmed. They are typically resolved in subsequent accounting periods.

User Avatar

AnswerBot

1mo ago

What else can I help you with?

Related Questions

What is difference between variation and provisional sum?

Provisional sum is an amount quoted for an item in a tender document where all of the design information is not fully specified. The provisional sum should be as accurate as possible with the information to hand A variation is an item within a construction project that was not originally specified in the contract tender document and so is a 'variation to contract'.


What do you do if you lose your provisional?

what do you do if you lose your provisional licence


What is provisional appropriation?

what are the uses of provisional appropriation


A provisional driver is provisional for how long?

A provisional driver is one until they complete the full requirements.


Can a provisional driver drive another provisional driver?

No


Is weak a synonym for provisional?

Weak is not a synonym for provisional, some synonyms for provisional are temporary, conditional and short term.


When did Provisional Priamurye Government end?

Provisional Priamurye Government ended in 1922.


When was Provisional Government of Oregon created?

Provisional Government of Oregon was created in 1843.


Should you file your provisional patent application with the same paper work as your none provisional patent application?

No, an inventor would typically file a provisional application at some time prior to filing the non-provisional and then cite the provisional and incorporate it by reference, to obtain the benefit of the earlier filing date and all that is disclosed in the provisional. You can file any number of provisional applications then one or more non-provisional applications citing one or more of the provisionals when you're ready.


What is the age to drive on a provisional license?

age to drive with a provisional license is 17


When did Provisional Legislature of Oregon end?

Provisional Legislature of Oregon ended in 1849.


When did Provisional Government of Albania end?

Provisional Government of Albania ended in 1914.