Question

When outflow of economic resources to settle an obligation is not probable or the amount expected to be paid to settle the liability cannot be measured with sufficient reliability, it is called (a) Provision (b) Contingent liability (c) Secured Loan (d) Unsecured Loan

Answer 1

$<b1>$

When outflow of economic resources to settle an obligation is not probable or the amount expected to be paid to settle the liability cannot be measured with sufficient reliability, it is called Provision.

So, the answer is :-

[A] Provision ✓✓

Answer 2

Hello Friend

The answer of u r question is

Option.A

Thank you