CBSE Class 11-commerce Answered
‘Provision
cannot be used for dividend distribution.’ Why?
Asked by Topperlearning User | 08 Aug, 2016, 12:58: PM
Expert Answer
Provision is charge against profit. It is created to meet specific liabilities or contingencies. Therefore, It cannot be utilised for dividend distribution.
Answered by | 08 Aug, 2016, 02:58: PM
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ANSWERED BY EXPERT
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ANSWERED BY EXPERT