12-24-2009, 01:29 PM
AOA.
My first question is relate to ias-37.
that (PROVISION FOR BAD-DEBTS made during the year)
meet the recognition criteria of recognition of provision
under ias-37. if yes than how.
1)Is provision for b.debts made during the year have any
obligation(legal or constructive) at balance sheet date?
2)Any outflow of economic benefits required to settle the
obligation?
My second question is that
"PROVISION CAN BE MADE FOR ANY TYPE OF LOSS INCURED DURING THE YEAR"?
My first question is relate to ias-37.
that (PROVISION FOR BAD-DEBTS made during the year)
meet the recognition criteria of recognition of provision
under ias-37. if yes than how.
1)Is provision for b.debts made during the year have any
obligation(legal or constructive) at balance sheet date?
2)Any outflow of economic benefits required to settle the
obligation?
My second question is that
"PROVISION CAN BE MADE FOR ANY TYPE OF LOSS INCURED DURING THE YEAR"?
