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Ask the Tutor ACCA SBR

Provision

Ssushmitha7y ago
Hello, Can we say provision is a contingent liability unless it can be measured reliably?
P2-D2P2-D2Tutor7y ago#1
Hi, If we cannot measure the amounts reliably then we cannot recognise a provision. A contingent liability will be disclose unless the outcome is remote. Thanks
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