Provision example sentences

Those include provision for taxation, proposed dividends, provision for contingencies, provision for provident fund, provision for insurance, pension and similar staff benefit schemes, etc.Provisions refer to the amounts set aside out of revenue profits for some specific liabilities payable within a period of one year.Shares can as well be issued at a discount, i.e. on an amount less than the nominal or par value of shares provided the company fully complies with the provisions laid down by law with regard to the same.In a similar way, Provision for repairs and renewals may also be created to provide for expected repair and renewal of the fixed assets.Recall that the principle of conservatism (prudence) requires that instead of ignoring such items of expenses, adequate provision must be made and charged against profits of the current period.There is no provision for overtime, paid leave, holidays, leave due to sickness etc.It is a provision and is shown under the head 'Secured Loans' until debentures are redeemed.Creation of provision is necessary to ascertain true and fair profit or loss in compliance with 'Prudence' or 'Conservatism' concept.It is a provision and is shown under the head 'Secured Loans' until debentures are redeemed.Provision is made for a known liability or expense pertaining to current accounting period, the amount of which is not certain.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.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.The exporting firm applies to the shipping company for provision of shipping space.It needs to be noted that debtors should be taken before making any provision for doubtful debts.We shall look at some key constitutional provisions in each chapter and understand how they work in democratic politics.