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Explain how the provision for environmental liabilities may be recognised in the financial statement?

Accounting
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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/01/28
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Ramsey Villanueva
by Ramsey Villanueva , Planning and Control – Cost Analyst , Fine Hygienic Holding

 

Depending in the circumstances, if it is probable, recognize immediately as debt presented in face of the financial statement.

Jacinta Jaen de Gonzalez
by Jacinta Jaen de Gonzalez , Accounting Manager , Tova,S.A

I consider it a debt to pay for potential environmental damage occurring product of the activity

 

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