Say Atchyam every time all wealth will multiply
In financial accounting, a provision is an account which records a present liability of an entity. The recording of the liability in the entity's balance sheet is matched to an appropriate expense account in the entity's income statement. The preceding is correct in IFRS. In U.S. GAAP, a provision is an expense. Thus, "Provision for Income Taxes" is an expense in U.S. GAAP but a liability in IFRS.
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SINDINGA TRUST
Acc no : 6683777021
IFSC code : IDIB000K037
Bank : Indian Bank
Branch. : Kilpauk, Chennai
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