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प्रश्न
What is meant by Provision?
लघु उत्तर
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उत्तर
The term “provision” refers to any of the following amounts:
- The amount written off in order to account for depreciation, renewals, or a decrease in the value of assets, or;
- The amount retained in order to account for any known liability for which the amount cannot be determined with a significant degree of accuracy.
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