Question

9. Which of the following statements are correct about a "Provision"?
(I) Provisions are a charge against the profits of an enterprise
(ii) Provisions are created out of divisible profits
(iii) Creation of provisions are not necessary for a business
(iv) Provisions are created to meet a known liability
(a) (i), (ii) and (iii)
(b) (ii) and (iv) only
(c) (i), (iii) and (iv)
(b) (i) and (iv) only​

Answer 1

Answer:

I and iv only

Explanation:

iv and replaying soon after the gamer hindi movie was