Assertion: provision | /r/HasProperty | accounted as a result of a past event
Facets:
Source sentences:
text: The key difference between a provision and a contingent liability is that provision is accounted for at present as a result of a past event whereas a contingent liability is recorded at present to account for a possible future outflow of funds.
text: Provision vs Contingent Liability Provision is accounted for at present as a result of a past event.