A provision is

Accounts - Principles of Accounts

WAEC 1997

A provision is

A. an expense of business to be paid for in cash
B. an amount of loss from trading activities
C. a loss in value of all business assets
D. an expense the amount of which is not certain
E. an amount set out of profit for other uses

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Correct Answer: Option E

Explanation

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A provision is

Correct Answer: Option E

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