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DP
Question Practice

When should provisions be recognized in accounts?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Depreciation, Provisions and Reserves
Question Bank

When should provisions be reco...

Single Answer MCQ
Q-00054337

When should provisions be recognized in accounts?

1

When cash is spent

2

When a future payment is certain

3

When a liability is probable

4

When an asset is sold

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