Examlex
The claims of creditors against the assets are:
Prospectively
Referring to or dealing with events in the future, often in the context of financial planning or forecasting.
Extraordinary Gain
A gain that arises from events or transactions that are distinct and infrequent in nature, not expected to recur regularly.
Provision For Inventories
An accounting practice where a reserve is made for potential decreases in the value of a company’s inventory.
Inventories Losses
Reductions in the amount or value of inventories due to factors such as deterioration, obsolescence, or theft, resulting in financial loss.
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