Set-off of provisions: expenditures may be set off only against the original provision, not provisions for different purposes. Under ICDS X, expenditures must be set off only against the original provision for which they were recognised; expenditures cannot be offset against ... Summary
Set-off of provisions: expenditures may be set off only against the original provision, not provisions for different purposes.
Under ICDS X, expenditures must be set off only against the original provision for which they were recognised; expenditures cannot be offset against provisions recognised for a different event or purpose, as that would conceal the separate financial effects of distinct events and undermine transparent disclosure of provisions, contingent liabilities and contingent assets.
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TaxTMI 
TaxTMI 
