Start learning →

Compared with provisions, accruals generally involve:

AMuch less uncertainty
BMuch more uncertainty
CIdentical uncertainty
DNo obligation at all
Answer & Solution
Correct answer: A. Much less uncertainty
Accruals are for goods or services already received, so any estimating needed is generally far smaller than for provisions.
Practise this question with Quill — CA Inter →

Keep practising AS 29 Provisions and Contingencies

Browse all AS 29 Provisions and Contingencies questions for CA Inter, or explore more Accounting topics.

Start a AS 29 Provisions and Contingencies lesson →
Related questions