in the chart of account, i notice there are provision and accrual account. for example, provision for employee expense (48xxxxxx) and accrual for employee expense (39xxxxxx).
1) may i know what is the difference for these 2 account.
2) under what circumstance i need to use provision or accrual?
3) double entry should be the same. debit p&l and credit either provision or accrual. correct?