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A provision is
Question 1
Report
A provision is
an expense of business to be paid for in cash
an amount of loss from trading activities
a loss in value of all business assets
an expense the amount of which is not certain
an amount set out of profit for other uses
Answer Details
Read lesson note on Accounts Of Not-for-profit Making Organizations (WAEC)
Read lesson note on Provisions And Reserves (WAEC)
Accounts Of Not-for-profit Making Organizations
Provisions And Reserves
View Answer