Question
Which of the following statement is incorrect with
respect to provisions?Solution
Ind AS 37 defines a provision as a liability of uncertain timing and amount and prescribes conditions that have to be satisfied for recognition of a provision. A provision shall be recognised when: ·        an entity has a present obligation (legal or constructive) that is a result of a past event; ·        it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and ·        a reliable estimate can be made of the amount of the obligation. A contingent liability is contingent upon happening/non happening of an event. An entity shall not recognise a contingent liability.
Four letter-clusters have been given, out of which three are alike in some manner and one is different. Select the letter-cluster that is different.
Select the set of letters that when sequentially placed in the blanks of the given letter series will complete the series.
k_Imml_mk_mmk_Ikkl_m
Answer the questions based on the information given below:
QLDO            SUTF             IBNY          �...
Select the letter-cluster from among the given options that can replace the question mark (?) in the following series. NIR, JGN, FEJ, ?
Select the set of letters that when sequentially placed in the blanks of the given letter series will complete the series.
_SWWS_WWWS_SWWWW_SSS
- This question is based on the following words.
SET LAW PUR KIT
If in each of the words, each letter is changed to the letter following it i... Which one set of letters, from the options below, when sequentially placed (left to right) at the gaps in the given letter series, shall complete it: <...
Which one set of the letters when sequentially placed at the gaps in the given letter series shall complete it?
 ab __ bcbca __ ___ c __ bab...
Which among the following word cannot be formed using the letters of the given word only once?
CONTRADICTION
- This question is based on the following words.
CAP ARC FIG MOP
In each of the words, each vowel is changed to the letter immediately follow...
