Why is there a need to make provision for unrealised profit?

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Cambridge International AS And A Level Accounting

ISBN: 9781444181432

1st Edition

Authors: Ian Harrison

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Question Posted: Aug 24, 2023 01:34 PM

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Why is there a need to make provision for unrealised profit?

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Provision for unrealized profit is made to account for situations where a business has made a profit on a transaction but hasnt yet realized that prof...View the full answer

Cambridge International AS And A Level Accounting

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