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Are provisions and long-term debts similar? If not, what are the differences between the two?

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Question ajoutée par Jemmy Saberola , Receptionist cum Accounts Assistant , Horwath Al Muhanna Audit & Advisory Services
Date de publication: 2013/09/10
taha amer
par taha amer , Finance Manager , Arabia ‎Holding

long-term debet is: loans (liability) within from owner equity in balance sheet.

 

 

provisions are: the deduction from revenue  to avoid losses in some current assets in incom statement , also in balance sheet like reduce form current assets.

 

 

Utilisateur supprimé
par Utilisateur supprimé

they are totally differentthe main difference that if you decrease assets provisions you will get profit without any efforts ;-)

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