Provision for contingencies, Managerial Accounting

After determining the amount of working capital as in above, a specific amount say 5 percent or 10 percent may be added to cover contingencies. This is to be noted that facts depends on estimates may not be sent percent exact. Thus, this provision is carpeted to cover probable error in these computations.

Posted Date: 4/9/2013 3:19:45 AM | Location : United States







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