what is porvision in tally prime

"Provision" ek accounting term hai jo ek company ke financial statements ke liye estimated expenses ya liabilities ke liye use kiya jata hai. Iska matlab hota hai ki a company apni books mein ek hissa record karta hai, jisme ek estimated expense ya liability ka amount mention kiya jata hai, jo abhi tak purn rup se pata nahi hai.

Provision usually tabhi use hota hai jab kisi expense ya liability ka exact amount pata nahi hai, lekin wo bahut hi sambhav hai. Iske dwara company apne financial statements mein sahi se apni financial position aur performance ko reflect kar sakti hai.

Kuch common provisions hote hain jaise ki bad debts (jisme ek company customer ke dwara nahi bhare gaye bills ko record karti hai), warranties (jahan ek product ke sambandh mein future mein hone wale expenses ko record kiya jata hai), contingencies (jisme unexpected events ya lawsuits ke liye ek reserve amount record kiya jata hai) aur employee benefits (jaise ki sick leave, holiday pay ya retirement benefits ke liye record kiya jata hai).