Provision example sentences
Under Antyodaya programmes, there is provision for health facilities, nutrition, education and training for employment — all the areas in which the poor need help.This implies that a provision must be made for the remaining half year whether or not it is specified in adjustments.The main advantage of this form of retailing is the provision of convenient service to the consumers.Provisions refer to the amounts set aside out of revenue profits for some specific liabilities payable within a period of one year.However, the accounting standards cannot override the provision of applicable laws, customs, usages and business environment in the country.The application is made in a prescribed form along with the import licence as per the provisions of Exchange Control Act.However, shares can be issued at discount in accordance with the provisions of Section 79 of The Companies Act, 1956 which stipulates that the rate of discount must not exceed 10% of the face value.Under this scheme special provisions are made so that every village in the country is linked to a major town in the country by an all season motorable road.The is shown along with dividends in the appropriation part of the profit and loss account on the debit side, and so also in balance sheet under current liabilities and provisions.To illustrate, valuing closing stock at cost or market value whichever is lower; creating provision for doubtful debts, discount on debtors; writing of intangible assets like goodwill, patents, etc.Provision is shown either by way of deduction from the item on the asset side for which it is created, or on the liabilities side along with current liabilities.Yet the Constitution makers thought is was necessary to write down certain clear provisions to prevent exploitation of the weaker sections of the society.However, shares can be issued at discount in accordance with the provisions of Section 79 of The Companies Act, 1956 which stipulates that the rate of discount must not exceed 10% of the face value.When debentures are redeemable at a premium, a provision has to be made right at the time of the issue by debiting the amount to 'Loss on Issue of Debentures A/c'.When debentures are redeemable at a premium, a provision has to be made right at the time of the issue by debiting the amount to 'Loss on Issue of Debentures A/c'.
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