Provision: Difference between revisions
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imported>Doug Williamson (Link with General provision page.) |
imported>Doug Williamson (Update for FRS 102) |
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A form of liability where there is uncertainty as to the amount and timing of final settlement. | A form of liability where there is uncertainty as to the amount and timing of final settlement. | ||
Relevant accounting standards include Section 21 of FRS 102. | |||
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* [[Bad debt provision]] | * [[Bad debt provision]] | ||
* [[Book reserve]] | * [[Book reserve]] | ||
* [[FRS | * [[FRS 102]] | ||
* [[General provision]] | * [[General provision]] | ||
* [[Liabilities]] | * [[Liabilities]] | ||
Revision as of 11:31, 6 November 2015
1.
Accounting.
A form of liability where there is uncertainty as to the amount and timing of final settlement.
Relevant accounting standards include Section 21 of FRS 102.
2.
Law.
A significant individual part of a law, for example a Section in an Act of Parliament.
3.
Contract law.
A significant individual part of a contract, for example a clause or a term in a contract.
