Home » Accounts (Principles of Accounts) » A provision isA provision is A provision is A. an amount set out of profit for other uses B. an amount of loss from trading activities C. an expense of buisiness to be paid for in cash D. a loss in value of all business assets Correct Answer: Option A Explanation Related Posts Goods stolen at the branch is debited to Share premium can be used to? i. write off discount on shares ii. give loans… Halidu and Hamed are business partners with N30,000 and N20,000 capital respectively. At the end… Determine the provision for bad debts to profit and loss account? The control account is used in facilitating Rent accrued in 2009 was D140, in 2010, D900 was paid while D160 was outstanding….
