18:31 Mar 14, 2007 |
Catalan to English translations [Non-PRO] Bus/Financial - Finance (general) / Finance | |||||
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| Selected response from: Ross Andrew Parker Local time: 10:07 | ||||
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5 +3 | for which provision has been made |
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for which provision has been made Explanation: PROVISION, generally, is to prepare in advance for an event that is projected to take place in the future. In accounting, it is an amount charged against profits for a specific liability (for example: bad debts, depreciation or taxes). A liability may be known, but the amount is often uncertain. This uncertainty may lead to an adjustment in a later income statement once the final amount of the liability is ascertained. |
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