Home › CBSE Class 11 (Commerce) › Accountancy › Depreciation, Provisions and Reserves › Which of these is an example of a provision?
Which of these is an example of a provision?
AGeneral reserve
BCapital reserve
CProvision for taxation
DDividend reserve
Answer & Solution
Correct answer: C. Provision for taxation
Provision for taxation covers a known liability of the year, while the others are reserves or funds.
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