Recording provisions is required when it is probable that the liability will occur,and the amount can be reasonably estimated.

Name: Recording provisions is required when it is probable that the liability will occur,and the amount can be reasonably estimated.
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Recording provisions is required when it is probable that the liability will occur, and the amount can be reasonably estimated. This requirement is outlined in accounting standards such as IAS 37 and ASC 450.

Recording Provisions Is Required When It Is Probable That the Liability