Financial and Management Accounting

1: Under the head 'Provisions', in the balance sheet of a company, the following provisions made for, are to be disclosed: 1. Proposed dividends 2. Provision for taxation 3. For contingencies 4. For provident fund scheme 5. For insurance, pension and similar staff benefit schemes The correct chronological order of their disclosure is
A.

1,2,3,4,5

B.

2,1,4,5,3

C.

2,1,3,4,5

D.

1,2,4,5,3

 

Answer : C

Explanation :

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Option: A

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