Provision
A provision is an estimated liability recorded when a business expects a future obligation from a past event but the exact amount or timing is uncertain. Examples include provisions for bad debts, warranties, or legal claims. They ensure expenses are recognized early, promoting conservative and accurate financial reporting.
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Par Value
Par value is the nominal or face value assigned to a company’s shares when issued. It has little relation to…
Purchase Returns
Purchase returns arise when a company sends defective or unsatisfactory goods back to a supplier after purchase. These transactions reduce…
Public Offering
A public offering occurs when a company issues shares or securities to the general public to raise capital. The most…
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