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Mixed provision Voluntary Provision Christmas Day Tuesday 25th December 2018Boxing Day Wednesday 26 December 2018CLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSED CLOSED CLOSEDCLOSED 08:3017:30 CLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSED10:0016:00CLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSED CLOSEDCLOSED CLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSEDCLOSED09:0013:00 14:0018:00 0
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Mixed provision is a combination of different types of provisions used in financial accounting to account for uncertain liabilities.
Any entity or individual that is required to prepare financial statements in accordance with accounting standards may be required to file mixed provision.
Mixed provision can be filled out by carefully analyzing the nature of the liability, estimating the amount required to settle it, and recording the provision in the financial statements.
The purpose of mixed provision is to accurately reflect the financial position of an entity by accounting for potential liabilities that may arise in the future.
The information reported on mixed provision includes the nature of the liability, the estimated amount required to settle it, and any relevant disclosures.
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