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Hello, I have a question in part b of 50 Pensions of BPP kit.
I think that the restructuring provision should be made 14 May 20X3 rather than 31 May 20X3 as 14 May 20X3, the restructuring provision has met 2 conditions to make provision. But the answer, the provision is made on 31 May 20X3
Hope to see your explanation. Thanks tutor.
Either answer is OK.
Exam questions tend to ask impact on accounts for a particular year end.
In practice they probably won’t process the provision until they come to prepare the final accounts for the year.
🙂
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