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posted on 9 Nov 2024
Provision for expenses refers to setting aside funds to cover anticipated future expenses.
Provision for expenses is a common practice in financial planning to ensure that there are enough funds available to cover future expenses.
It involves estimating the amount of expenses that may arise in the future and allocating funds accordingly.
Examples of expenses that may require provision include taxes, insurance premiums, an...
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I appeared for an interview in Mar 2025, where I was asked the following questions.
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