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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › J21 Q4 last part Contingent asset
Sir in the last part examiner has written following sentence in his answer
There would be no disclosure of the insurance recovery related to the relocation costs or the lost revenue as the recovery is not virtually certain.
My Qs is that in the above statement instead of virtually certain, probable should be written na? As we give disclosure of contingent asset if it is probable
I would disclose if probable and recognise if virtually certain.
Recommend you focus on my recorded debriefs. Don’t spend too much time examining the minutiae of a printed answer.