alleryStart learning →For the reconciliation of each class of provision, comparative information is:
AAlways mandatory
BNot required at all
CRequired if listed
DRequired for 3 years
Answer & Solution
Correct answer: B. Not required at all
The disclosure rules say comparative information is not required for the movement in each class of provision.
Keep practising AS 29 Provisions and Contingencies
Browse all AS 29 Provisions and Contingencies questions for CA Inter, or explore more Accounting topics.
Related questions
Use of estimates in preparing a provision:A present obligation where outflow is not probable is classed as a:To whom can an obligation be owed?Which obligation exists independently of the entity's future actions?A restructuring plan creates an obligation only if it is meant to:Which is evidence that a restructuring plan has started to be implemented?An executory contract falls within the provisions rules only if it is:Depreciation and doubtful debt provisions are really: