first we check and evaluate the actual then we are posted in balance sheet in respectively for finalization of accounts. Normally we are taking provision when we are make Budjet if any provision posted in Bubjet you must deduct from the actual then only posted in B/S..
If any suggestions send me replay...
Renjith...KSA
من قبل
Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store
As per IAS37, Both contingent liability and contingent assets require disclosure in financial statement . If outflow / inflow is remote then even disclosure is also not required.