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.
How is F related to A’s child in ‘A@B$C@D#E$F’?
Who is the maternal uncle of K?Â
If expression ‘F @ B $ C ? G @ D ? E’ is true, then how is B’s mother’s father in law is related to F’s mother’s father?
...If P @ Q means P is the father of Q,
P * Q means P is the brother of Q,
P % Q means P is the mother of Q,
P $ Q means P is the daug...
A man said to a lady, “Your mother’s husband’s sister is my aunt.” How is the lady related to the man?
In a family of six members, C is the daughter of U’s daughter only brother. E is the daughter-in-law of L, who is husband of U. Z is brother of B, the...
How is E related to the wife of J?
_____ is sister of _____.
Answer the following question based on the information given below.
There are eight members (D, E, F, G, H, I, J and K) in a family of three ge...
In equation ‘P – Q % R & S + T’, how is P related to T?
