Description
A provision is a liability of uncertain timing and amount. A liability is a present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits. An entity may have a present obligation (legal or constructive) as a result of a past event.
Shreyansh Jain (verified owner) –
great resource on indas37..thanks for sharing..will definitly buy other books
Amanpreet Singh (verified owner) –
good summary! prefer hard copy
shahbaz –
easy n simple nyc book 4 study