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Accrual is income earned but not received or expenses incurred but not spent. Provision is making provision from the profit for a specified or known expense which is to be met in unknown future.

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Q: What is the difference between provision and accrual?
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Difference between provision and accrual?

Accrual - means is common word carry farword to next. provision - means is should be payable. Harisha Mundre


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