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help in IAS-10 - Printable Version

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help in IAS-10 - zia ahmad - 12-24-2009


AOA.

MY question belongs to ias-10.
plz can you define the term "CONDITION".
plz tell me about the "condition execiting at b/s date".

Regard's


- Sh.Mohsin - 12-24-2009

Dear Freind;

Condition is not a prescribed word, its meaning is as it is mentioned in any english dictionary.
Condition existing at b/s date is described in the scenario of judging whether to recognise a liability or not.


- zia ahmad - 12-26-2009

thanks for help