12-01-2004, 06:00 AM
My question is if the provision is an estimate then it should be also be treated as and used in budgeting.And we can very easily find the variances of our expenses.
Please tell me can we follow such a system in which we prepare full provisional accounts at the beginning of the year and then compare them with actual amounts at the year end?
Please tell me can we follow such a system in which we prepare full provisional accounts at the beginning of the year and then compare them with actual amounts at the year end?
