# The Small Companies and Groups (Accounts and Directors' Report) Regulations 2008, Paragraph 2A


At the balance sheet date, a provision must represent the best estimate of the expenses likely to be incurred or, in the case of a liability, of the amount required to meet that liability.

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Source: https://www.legislation.gov.uk/uksi/2008/409/schedule/7/paragraph/2A (the official version)
Page: https://openlegislation.uk/small-companies-and-groups-accounts-and-directors-report-regulations-2008/schedule-7/paragraph-2A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.