Question
If the amount of any known liability cannot be
determined accurately, then:Solution
When the amount of a known liability cannot be determined accurately but is expected to be incurred, it is a common accounting practice to create a provision. A provision is a liability that is recognized when the amount is uncertain but can be reasonably estimated.
Which country created the new world record for the World’s fastest Internet speed?
Which asset management company launched India's first Defence Index Fund?
Kanger Valley National Park, which was seen in the news, is in which state?
In the women’s light-fly 48kg-50kg boxing category Nikhat Zareen has clinched the _____medal in the Commonwealth Games, Birmingham?
ADB has provided a USD 100 million loan to which state government for improving urban services and tourism facilities & improving urban governance and f...
Which author won the Sahitya Akademi Yuva Puraskar for her memoir "Homeless: Growing up Lesbian and Dyslexic in India"?
Where did the multinational military exercise 'Shanti Prayas IV' take place?
Who led the English Army in the Battle of Buxar?
When is the scheduled period for the 46th session of the UNESCO World Heritage Committee in New Delhi?
SDF stand for
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