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Accruals are made for expected expenses (as well as expenses) whereas provisions are only made on behalf of expenses predicted.
Provisions are made for expected future losses whereas accruals are made for already known expenses which are expected to materialize in the future.
Provision is the Liability of uncertain timing or amount whereas Accrual is the liability of certain timing or amount.
Accruals to be made against expenses / income for certain amount within certain time and provisions to be made against expenses / income for uncertain amount with uncertain time like "depreciation" etc
Accrued - Expense/ Income happened but not spent/received OR can be paid/ received at the time of maturity. (For Ex. Interest accrued in Fixed Deposit)
Provision - Predicted expense/ liability in future.
