What are the different types of provisions in accounting?

Open in App

Solution

The different types of provisions in accounting are as follows:

Provision for bad debts

Restructuring of liabilities

Provision for depreciation

Pensions

Accruals

Also read:

Difference Between Reserve and Provision

What Are Reserves in Accounting

What Is Reserves

Difference Between Capital Reserve and Revenue Reserve

Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.

Suggest Corrections

Similar questions

What are provisions? How are they created? Give accounting treatment in case of provision for doubtful Debts.

Mention the different types of bank accounts.

What are different types of accounts you can open in a bank?

What are the 'provisions'? How are they created? Give accounting treatment in case of provision for doubtful debts.

Join BYJU'S Learning Program