[IAS37 - Provision, Contingent Assets and Contingent Liabilities] Indicate which one may give rise to...
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Accounting
[IAS37 - Provision, Contingent Assets and Contingent Liabilities]
Indicate which one may give rise to a provision in the accounts of Victoria (Pty) Ltd or not and briefly explain why.
(i) On 10 April 2015, the board of Directors of Victoria Pty Ltd took a decision to close down a division. The financial year end of Victoria is 30 April 2015. No communication has yet been made to those affected by the closure and no steps has been taken to implement the decision.
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