IAS37 warranty provision - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4) +--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=7) +--- Thread: IAS37 warranty provision (/showthread.php?tid=6824) |
IAS37 warranty provision - fahad2119 - 11-02-2009 subjectF7(ACCA) topicias37 warranty provision ques a detailed information is given about a shoopkeeper business includes faulty returns past assumption, markup of 40% etc the requirement is to cal. the amount of provision and in the solution the amount of profit is considered as a provision that should be made my question is y the author didnt consider faulty returns ??? secondly can a profit be recognize as a provision ???? thank u - Choohan - 11-13-2009 The scenario of the question is unclear. To give an opinion one should know the scenario completely. So it is advised that you should write the complete scenario. |