Assertion: provision | /r/HasProperty | account
Facets:
value: in financial accounting
type: OTHER
Source sentences:
text: In financial accounting, a provision is an account which records a present liability of an entity.
text: The provision for depreciation is an accounting and a taxation term.
text: In financial accounting under International Financial Reporting Standards (IFRS), a provision is an account which records a present liability of an entity.
text: Let say the provision here is USD 30K and the accounts receivable before provision is USD 300K.