Multiple Choice Questions on If the amount of any unknown liability cannot be determined accurately ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

If the amount of any unknown liability cannot be determined accurately ........

Accountancy (11th) Chapter-7 Depreciation, Provisions and reserves
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    If the amount of any unknown liability cannot be determined accurately   

    Provision should be created

    Correct Answer

    Definite liability should be created

    Incorrect Answer

    Reserve should be created

    Incorrect Answer

    Should be shown as a contingent liability

    Incorrect Answer
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    Explanation:

    Provision should be created

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