CTN PRESS

CTN PRESS

NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY

DIFFERENCE BETWEEN PROVISION AND CONTINGENT LIABILITY

DIFFERENCE BETWEEN PROVISION AND CONTINGENT LIABILITY A provision and a contingent liability are both financial terms that relate to potential future expenses or losses that a company may face. However, there are some important differences between the two: Provision: A provision is a recognized expense or liability that a company sets aside in anticipation of […]

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