Under IAS 37/AASB 137, which of the following provisions is not regarded as a liability?

Question

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Under IAS 37/AASB 137, a provision for doubtful debts is not regarded as a liability but rather as an allowance against receivables, reflecting the expected credit losses on these financial assets. Provisions for onerous contracts, warranties, and long-service leave are recognized as liabilities because they represent present obligations arising from past events, likely to result in an outflow of resources.

Under IAS 37/AASB 137, Which of the Following Provisions Is