Which one of the following is applicable for provisions? (a) Present obligation is recognized as a result

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Which one of the following is applicable for provisions?

(a) Present obligation is recognized as a result of a past event

(b) The event—activity, agreement or contract that has been executed in the past.

(c) Monetary outflow is more probable.

(d) None of these

(e) All of these

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 18, 2023 10:56 AM

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Which one of the following is applicable for provisions? (a) Present obligation is recognized as a result

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Financial Accounting

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