0
The amount which is kept by the company to pay taxes against its profits is known as provision for taxation. Provision for taxation considered as current liability.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Is provision for tax is a current liability?
Provision for taxation is current liablity
Discuss the different causes of market failure?
Under/over provision of merit or demerit goods. Can be corrected by the imposing of taxation, subsidies, negative add campaigns, etc.
What you think about no taxation without representation?
In a group of people who act perfectly with others and who step up to do what is needed to be done without pay you could have no government without taxation. But, face it even the Amish have a governing body and they are very good people. So the whole idea of a nation not having representation or military provision or police or schools and no taxation is ludicrous.
What is provision of information and can you name an advantage and a disadvantage of this?
Provision of Information is when the government provides information to the consumer in order for them to recognise the true costs/benefits to themselves. Advantage: Reduces over-consumption/decreases over-consumption Disadvantage: Information only informs consumers, does not enforce like taxation.
Why did the Persian Empire flourish?
Through effective government using existing local government overseen by provincial control, provision of internal and external security, and encouraging prosperity with low taxation.
Why does Washington DC have taxation without represantation?
I would guess that the founders did not intend for DC to have so many permanent residents and so no provision was made for representatives in congress. Yet even though they are taxed, they have no voice.
What is the entry of tds provision?
For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.
What are provision entries and y they are done in journal entries?
For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.
What is hauling of provision?
hauling of provision
Is shanghai is a provision of china?
It is a city not a provision.
What mean by transitional provision?
transitional provision
How old do you have to be to get provision license?
You have to be 34 to have your provision license.
