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provision

This topic has 2 replies, 3 voices, and was last updated 10 years ago by anu1234.

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May 19, 2015 at 1:36 pm #247177
d245
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If the co has insured properties .could thy record provision against damaged property.
May 19, 2015 at 2:06 pm #247184
dalitso999
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nope
May 22, 2015 at 7:10 am #247840
anu1234
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If it would be covered by insurance you should not ignore the matter. You should verify if the amount potentially recoverable from insurers are virtually certain to be received in which case you should show a receivables . If it’s not virtually certain recognise a provision.
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