Question

What are provisions? how are they created?​

Answer 1

Answer:

Provisions are created by recording an expense in the income statement and then establishing a corresponding liability in the balance sheet.

Explanation:

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Answer 2

Answer:

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Provisions are created by recording an expense in the income statement and then establishing a corresponding liability in the balance sheet.

Provisions are created by recording an expense in the income statement and then establishing a corresponding liability in the balance sheet.Explanation:

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