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Depreciation, Provisions and Reserves — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountDepreciation, Provisions and Reserves1 Mark
Question
A provision can be specific or general. Do you agree?
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Answer

A Provision can be specific, E.g., provision against a particular debtor or general, E.g., expressed as a percentage of total debtors.

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