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Glossary entry

English term or phrase:

inc in depn; inc in prov

English answer:

depn -> (accounting term) -> Depreciation, Prov -> (accounting term) -> Provisioning

Added to glossary by Craft.Content
Jul 10, 2004 15:43
19 yrs ago
1 viewer *
English term

inc in depn; inc in prov

English Other Accounting
Sorry, again with my OVERVIEW ACCOUNT LIST OF TERMS

Anybody is familiar with these two abbreviations (inc in depn + inc in prov), appearing in this list apparently taken from a balance sheet ?

Inc in Depn - Land Improvements
Inc in Depn - Non - Oper Buildings
Inc in Depn - Plant Oper Buildings
Inc in Depn - P & M Transport
Inc in Depn - P & M , Equip Leasehold
Inc in Depn - Fix & Fitt
Inc in Depn - Fix & Fitt Leasehold
Inc in Depn - Motor Vehicles
Inc in Depn - Office & Comp Equip
Inc in Depn - Concessions, patents
Inc in Depn - Intang A Goodwill
Inc in Depn - Intang A Software
Inc in Depn - Intang A Others
Inc in Depn - Mining Reserves
Inc in Depn - Capitalised O/burden
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Prov - Bad debts
Inc in Prov - other
Inc in Prov - Site reconstitution
Inc in Prov - Major repairs
Inc in Prov - Inventory
Inc in Prov - Pensions
Inc in Prov - Project credit cards
Inc in Prov - Financial Provision
Inc in Reg Prov - Depreciation (Fiscal)
Responses
5 +5 Increase in depreciation ; increase in provisioning
3 +1 included in depreciation, included in provisioning
2 increase in depreciation; increase in provisions

Discussion

Craft.Content Jul 12, 2004:
Hello Marco, Judith has a point there - per chance, the phrases could also mean - "Included in Depreciation" and "included in Provisioning".

Responses

+5
4 mins
Selected

Increase in depreciation ; increase in provisioning

Inc in depn -> Increase in depreciation
Inc in prov -> Increase in provisioning

Hth.


--------------------------------------------------
Note added at 6 mins (2004-07-10 15:49:33 GMT)
--------------------------------------------------

Inc in Reg prov -> increase in regulatory provisioning (depreciation for the fiscal year). This increase is granted / provided by the tenets of law.
Peer comment(s):
agree Vicky Papaprodromou : Actually 500km north of Athens.Thessaloniki is the capital of Northern Greece and second city in the country and,in fact,the Games will start here by the end of the month with Olympic soccer.http://www.greekhotel.com/mainland/thessaloniki/home.htm
1 min
Thanks Vicky. How far are you located from the scenes of action ? :-)
agree Elena Petelos
2 hrs
Cheers Elena :-)
agree Eva Karpouzi
8 hrs
Cheers Eva :-)
agree Ramesh Madhavan
16 hrs
Thanks Ramesh :-)
agree Alfa Trans (X)
1 day 21 hrs
Cheers, Marju :-)
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you Sanjay"
10 mins

increase in depreciation; increase in provisions

I'm not too sure about provisions / provisioning, fairly certain about the depreciation.
Peer comment(s):
neutral Craft.Content : Hello Armaat, one has to provide for both future liabilities, as well as inward (expected/estimated) future remittances
3 mins
To tell you the truth, I have no experience in accounting, and no idea what you are talking about (especially in relationship to my answer), but thanks for trying to make it make sense to me.
Something went wrong...
+1
1 day 5 hrs

included in depreciation, included in provisioning

I am certain about depreciation and provisions, however inc could be included or increased - suggest you contact your client directly or find other balance statements prepared by the same auditors
Peer comment(s):
agree Craft.Content : Yes, you have a point there.
8 hrs
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