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.
If the consonants of the following words are arranged first, followed by the vowels as per the English alphabetical order and then the consonants are ch...
Select the option that is related to the third letter-cluster in the same way as the second letter-cluster is related to the first letter-cluster.
<...Select the letter-cluster from among the given options that can replace the question mark (?) in the following series.
WUW, TSV, QQU, NOT, ?
Which one set of letters when sequentially placed at the gaps in the given letter series shall complete it?
_ Y _ X_ Z X _ Z X _ _ X Y _
Which of the following letter-clusters will replace the question mark in the given series to make it logically complete?
SBNQ, WWIU, ARDY, EMYC, ?
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 option that is related to the fifth letter-cluster in the same way as the second letter-cluster is related to the first letter-cluster and t...
How many such pair(s) of letters are in the word “OPTICAL” which has as many letters between them (both forward and backward) as in the English alph...
- 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...
