Question
Explain how a provision should be recognized as stated by MFRS 137 deals with Provisions, Contingent Liabilities and Contingent Assets. explain in detail with examples
Explain how a “provision” should be recognized as stated by MFRS 137 deals with Provisions, Contingent Liabilities and Contingent Assets. explain in detail with examples and in paragraph.
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provision is a liability of uncertain timing or amount The liability may be a legal obligation or a constructive obligation A constructive obligation arises from the entitys actions through which it h...
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
